2020 Q1 Square Bitcoin revenue is USD 306 million, gross profit is USD 7 million

Square released the latest financial report showing that Cash App ’s bitcoin revenue in the first quarter of 2020 was US $ 306 million, of which gross profit reached nearly US $ 7 million, nearly doubled (about 90%) from the previous quarter, and sales volume An increase of 72%, a year-on-year increase of 367%, reaching a record high. Square said that April was a particularly busy month for Cash App. “Cash App brought strong revenue and gross profit growth and reached new highs on multiple indicators, including net new transaction active customers and peer-to-peer transaction volume. , Cash Card expenditures and orders, active customers of direct deposit transactions, bitcoin trading volume, stock brokerage trading volume and stored funds. “