Worth approximately $772 million, Block holds 9,237 bitcoins with a cost basis of about $319 million

Odaily: Bitcoin News posted on X that Block increased its bitcoin holdings by 120 BTC in the third quarter, bringing its total holdings to 9,237 BTC, worth approximately $772 million, with an estimated cost basis of about $319 million; the additional purchase was funded by gross profit from its bitcoin business. Gross profit from that business fell 50% year-over-year to $52 million, which Block said was an intentional adjustment, and it lowered Cash App's bitcoin fees to reduce purchase costs; the company's overall gross profit grew 22% to $3.24 billion.