Cash App Reports $1.96B In Bitcoin Revenue In Q4 2021 Today


Block, the parent company of Square, Cash App, Spiral, TIDAL, and TBD, released Cash App’s Q4 2021 results, which demonstrate how providing Bitcoin brokerage services might be a good business strategy.

During Q4 2021, Cash App generated $1.96 billion in bitcoin revenue and $46 million of bitcoin gross profit, up 12% and 14% year-over-year (YoY), respectively. The compounding annual growth rate (CAGR) for Cash App’s bitcoin revenue and gross profit grew 232% and 285% YoY, respectively. As of December 31, the fair market value of the company’s bitcoin holdings was $371 million.

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