Square Begins Bitcoin Payments for Sellers as Block Stock Hits S&P 500
Main Idea
Jack Dorsey's Block (formerly Square) has joined the S&P 500 and is rolling out a Bitcoin acceptance feature through Square, leveraging the Lightning Network for transactions.
Key Points
1. Block's shares rose 0.5% upon joining the S&P 500 and have increased over 14% in the past week.
2. Square, under Block, is onboarding customers for a new native Bitcoin acceptance feature using the Lightning Network.
3. Jack Dorsey stepped down as Twitter CEO in 2021 to focus on Bitcoin, aiming to make it the dominant global currency.
4. Bitcoin's price was recently around $118,000, down 1.4% over 24 hours but up 26% year-to-date.
5. Block's share price has declined over 8% since January 1, despite growth in Bitcoin and broader crypto markets.
Description
Block's share price has risen more than 14% over the past week.
Latest News
- BlackRock’s Ethereum ETF Rockets to $10B, Third-Fastest in History2025-07-24 23:41:03
- Cognition’s AI Developer ‘Devin’ Eyes $10 Billion Valuation—Even If It’s Not Mindblowing Yet2025-07-24 23:29:13
- Bitcoin Could Hit $150K This Year, Says Mike Novogratz—But Ethereum Might Outperform BTC2025-07-24 22:15:14
- Why XRP Ledger Is a 'Different Network' Than Last Year: Analyst2025-07-24 22:00:30
- Ethereum Treasury Firm Buys $5M CryptoPunk—And Is Borrowing Stablecoins Against It2025-07-24 21:44:30