In the third quarter of 2023, Block reported impressive financial results, recording $5.62 billion in revenue driven by strong sales growth from payment processors Cash App and Square. The company also achieved a $44 million profit on its Bitcoin investments, benefiting from the recent price recovery of BTC. Furthermore, Bitcoin transaction gross profit reached $45 million, a 22% increase year-over-year, with Block selling $2.42 billion worth of BTC to customers through Cash App.