According to Odaily Planet Daily, Block.com, owned by Twitter co-founder Jack Dorsey, recorded $2 billion in Bitcoin revenue in the third quarter, accounting for nearly one-third of its total revenue.

According to Block's Q3 earnings report, the company's gross profit increased by 18% year-over-year, with Q3 revenue of $6.11 billion and reported profit of $461.5 million. The results met or exceeded some analysts' expectations, but missed other key metrics. Bitcoin remains Block's second-largest revenue source, second only to its core revenue based on subscriptions and services. XYZ stock fell 3.7% to $70.94 at market close and further declined 9.6% to $64.10 in after-hours trading.