Square Reports Double Profits Growth in Q2

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The mobile payments company released an unaudited quarterly financial report on Wednesday, according to which the company made $37 million in revenue from bitcoin sales in the second quarter of 2018. The report also indicates that Square made an overall net revenue of $814 million, 6% of which came from the cryptocurrency buying service added to its Cash App late last year. Company’s bitcoin sales profits nearly doubled compared to the first quarter’s figure of around $223,000.

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