we're dca'ing bitcoin https://block.xyz/documents/bitcoin-blueprint.pdf
Discussion
🫡
Thank the lord I bought your stock this morning 🫡
"our new corporate balance sheet dollar cost average (“DCA”) program, under which
each month we will be investing 10% of Block’s monthly gross profit from bitcoin products into purchases of bitcoin for investment"
Nice.
Bout time!
#plebchain
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nostr:note1lycdv4rvwn2v9l84ge0qy4jfcp9w3svs7wd6y27gfqrqfs360efssc5dam
“We view bitcoin as an instrument of global economic empowerment; it is a way for individuals around the world to participate in a global monetary system and secure their own financial future. We’ve chosen to open source this documentation to clearly articulate the process behind our purchase as others consider similar moves."
Y’all still have fiat? That’s crazy
Bravo 👏
GOAT shit 🫡
This is the way
Are you the new Saylor?
this is why I’ve been DCA’ing $SQ
Bout time
Great letter nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m
AND highlighting NOSTR
🐐
Follow the money
blooming
See how this goes for a quarter or two, and then make it 10% of Block’s *total* gross profit, not just gross profit from Bitcoin products 😊
anyone, company or individual, should be dcaing a good portion of their excess income. if anything, 10% seems a bit to conservative if it was me
Yes. 💯 Money where your mouth is.
fkn legends! 💪🏽 
nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m Thank you. Your courage is truly inspiring!
Nice and block won’t try to develop shitcoins on Bitcoin like that other company.
This is the way.
hell yeah
Back of the envelope numbers: Based on current Gross Profit and Bitcoin price, Block will be soaking up 10% of all new bitcoin produced by miners.
@jack = LEGEND
My bad, 10% of all bitcoin related gross profit, not total gross profit. Still awesome though!
great said 🫂
"We believe the world needs an open protocol for money, one that’s not owned or controlled by any single entity," Dorsey said in the note.
Took me a while, thought you were speaking klingon
Yo
Hey Jack , have you ever considered doing an airdrop of runes to increase nostr activity or incentivize it.
❤️🔥
🫡
Awesome!
Nice!
awesome
This could have been us 💔
“For every friend in the US who joins Strike using your referral code, gets fully verified, and completes a deposit, you get $5 and they get $5.”
I want to work for you jack!
WOULD HAVE BEEN NICE TO GET A CITATION.
sh,ss
It only has value if you sell it for fiat.
Thank you for sharing this information.
You are a great advocate.
Thank you for sharing the details so that other companies and funds can leverage your learning and benefit from these new models.
Thx 4 the transparency & 4 fUnding N0str.
Legend
Spicy
we're dca'ing #Nostriga agenda submissions
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Finally!!!
Just out of curiosity: what’s the main reason for only starting with this now?
Looking at this cause I’m studying financial accounting at the moment. Sort of get this now. Bitcoin is defined as an indefinite-lived intangible asset and falls under Intangibles - Goodwill on a balance sheet. Cool, that means you can’t separate it from Block, it is embedded and part of its soul:) Fair value is gonna change heaps though.