Market Analysis
Block Reports $47M Impairment Loss on Bitcoin Investment For 2022
While Block managed to beat expectations in most categories in Q4, its Bitcoin operations continued their decline.
BTC$64,137.00+0.92%
ETH$1,804.29+0.96%
USDT$0.9993+0.03%
USDC$0.9999+0.02%
XRP$1.15-0.44%
SOL$82.33+0.79%
TRX$0.3291+0.12%
FIGR_HELOC$1.04-0.52%
HYPE$71.16-0.32%
DOGE$0.077-1.51%
USDS$0.9998+0.01%
RAIN$0.0152+0.27%
LEO$9.39+1.40%
ZEC$453.40-2.05%
ADA$0.1846-3.12%
BTC$64,137.00+0.92%
ETH$1,804.29+0.96%
USDT$0.9993+0.03%
USDC$0.9999+0.02%
XRP$1.15-0.44%
SOL$82.33+0.79%
TRX$0.3291+0.12%
FIGR_HELOC$1.04-0.52%
HYPE$71.16-0.32%
DOGE$0.077-1.51%
USDS$0.9998+0.01%
RAIN$0.0152+0.27%
LEO$9.39+1.40%
ZEC$453.40-2.05%
ADA$0.1846-3.12%
Block shares jumped about 20% in premarket trading after the company announced a 40% workforce cut and issued strong guidance for 2026.
While Block managed to beat expectations in most categories in Q4, its Bitcoin operations continued their decline.