Yesterday the famous co-founder and former CEO of Twitter, Jack Dorsey, revealed that Block is buying Bitcoin every month.
block is DCA’ing bitcoin every month. here’s how your company can do it too: https://t.co/xabpCVZdn8
— jack (@jack) May 2, 2024
Since Dorsey left the direction of Twitter, now renamed X, he has been dedicating a lot of time to Bitcoin, so much so that he renamed his financial company Square to Block and transformed it into a company specifically focused on Bitcoin.
Jack Dorsey: Block’s PAC on Bitcoin
Dorsey yesterday shared the so-called “Bitcoin Blueprint For Corporate Balance Sheets” by Block, in which it is stated that the company is effectively making a BTC PAC.
This document provides an update on the company’s strategy regarding the held Bitcoins.
In particular, it provides an overview of the new corporate purchasing program for BTC and the launch of Square’s Bitcoin Conversions product.
The first purchase of BTC was made on Octobe
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