How is this possible without selling shitcoins? You're not supposed to be able to make money with a bitcoin only exchange!
CashApp sold $7.11 billion worth of bitcoin to users in 2022.
The overwhelming majority appears to have been withdrawn to self custody.
Full Shareholder Letter: https://s29.q4cdn.com/628966176/files/doc_financials/2022/q4/Block_Shareholder-Letter-4Q22.pdf
How is this possible without selling shitcoins? You're not supposed to be able to make money with a bitcoin only exchange!
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