Block’s Square Now Accepts Bitcoin, Stock Soars 10% 🚀💰

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Well, it seems the universe has decided to sprinkle a bit of cryptocurrency magic dust over the good folks at Square, now known as Block (XYZ). They’ve just announced that Bitcoin (BTC) will be accepted as a payment method for merchants, and oh, what a time to do it! As if by cosmic coincidence, Block’s stock price has leaped a delightful 10% after being added to the S&P 500. 🎉

In a series of tweets that would make any self-respecting social media platform proud, Block’s CEO, Owen Jennings, declared that sellers using Square can now receive the world’s favorite digital currency as payment. He even managed to sound excited about it:

“Today we’re onboarding our first few Square sellers for the new native Bitcoin acceptance experience this is the way!”

Block, the brainchild of the once and future Twitter exec, Jack Dorsey, has been on a roll since 2009. Their recent induction into the S&P 500 has been like a shot of espresso for their stock, sending it skyward. The company issued a statement that was as vague as a foggy morning in London, hinting that this is just the beginning of their grand plans.

The journey to Bitcoin acceptance wasn’t exactly a straight line. Back in May, Block hinted that BTC payments were on the horizon, promising a process as simple as scanning a QR code. It’s almost as if they’re trying to make it as easy as ordering a latte at your local café, but with a bit more tech flair and a lot more zeros in the transaction amount.

Miles Suter, Block’s Bitcoin product lead, couldn’t contain his enthusiasm:

“Block has long been a champion of Bitcoin, focused on making it more accessible and usable in our everyday lives. Rolling out a native Bitcoin experience to millions of sellers brings us one step closer to that goal.”

“When a coffee shop or retail store can accept Bitcoin through Square, small businesses get paid faster, and get to keep more of their revenue. This is about economic empowerment for merchants who like to have options when it comes to accepting payments.”

At the time of writing, XYZ is trading at a modest $79.50, a slight bump from its earlier valuation. But let’s not forget, on July 15th, the stock was a mere $66. So, it’s safe to say that Block is on a bit of a roll. Whether this is the start of a new era or just a blip on the radar remains to be seen, but one thing is certain: the future is looking decidedly digital. 🌐💡

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2025-07-25 01:02