Australia's largest stock trading and investment forum Australia's #1 stock forum

APT

Click for more information

0.00%

$66.47 afterpay limited

Speculative junk... much?How fitting APT is now part of the...

First 6747 Last

Share
Profile

Follow
cutty

3,302 Posts.

432

01/01/22

14:13

Post #: 58597322
Share

Originally posted by JoeGambler: ↑

"Square also said on the call that the company doesn’t plan on offering users other cryptocurrencies outside of bitcoin. The company said it is focused on building its hardware wallet and continuing plans to allow individuals and businesses to mine bitcoin. CEO Jack Dorsey initially alluded to the latter plan in a tweet several weeks ago."

https://www.google.com/amp/s/www.coindesk.com/business/2021/11/04/squares-cash-app-generated-18b-in-bitcoin-revenue-in-q3/%3foutputType=amp

My mistake, margin low on Cash App. And it wasn't majority, in Q3 SQ's Bitcoin revenue was about 47% of net revenue (1.8b out of 3.8b). Bitcoin related only about 4% of GP at this stage.

Still, a very hefty slice of the business and I'd imagine the scaling of Cash App is a big part of the value.

Judging by the quote above, SQ wants to go even further in BTC. Its essentially worthless, but let's see long the party lasts, maybe years.

Expand

Speculative junk... much?

How fitting APT is now part of the party.

APT Price at posting: $83.01 Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 65 more messages in this thread...

First 6747 Last

Add APT (ASX) to my watchlist