14:42
Square under Block supports the Lighting Network, with Bitcoin Holdings yielding a return of 9.7%.
Gate News bot message, Jack Dorsey's company Block (XYZ) has brought a 9.7% return on its Bitcoin holdings by running nodes on the Lightning Network through its payment platform Square. Miles Suter, Block's Bitcoin product head, stated on Wednesday at the Bitcoin 2025 conference in Las Vegas that the company "has achieved real returns from the Bitcoin held by the company by efficiently routing real payments on the Lightning Network." Ryan Gentry from Lightning Labs referred to Suter's statement as the "biggest news" at the Bitcoin 2025 conference in an article on X, estimating that Square's 9.7% return translates to approximately 1 million dollars per year.
BTC-1.36%
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