Jack Dorsey's payment company Block reported Bitcoin sales of $1.76 billion in Q3

ChainCatcher news, according to The Block, the payment company Block (formerly Square), founded by former Twitter CEO Jack Dorsey, reported a total net revenue of $4.52 billion for Q3, a year-on-year increase of 17%; excluding Bitcoin revenue, the net revenue was $2.75 billion; the net loss was $14.7 million, including a $2 million impairment loss related to Bitcoin and $56 million in amortization expenses; after excluding these costs, Block's total net income was $43 million. Additionally, Block's Q3 Bitcoin sales amounted to $1.76 billion, with a gross profit totaling nearly $37 million. (The Block)