Block Inc Launches Bitcoin Payment Feature for Square Merchants
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 13 2026
0mins
Source: Fool
Block Inc's stock rose by 5.01% as it reached a 5-day high, reflecting positive market conditions.
The company has introduced a Bitcoin payment feature on its Square platform, allowing over 4 million U.S. merchants to accept Bitcoin at checkout. This initiative is expected to significantly enhance Bitcoin's penetration among merchants and drive more businesses to adopt this emerging payment method. Although Bitcoin trading accounted for only 2.3% of Block's total gross profit in Q1, the activation of Bitcoin functionality by 1 million sellers suggests a growing acceptance of Bitcoin, which could send positive market signals for both Block and Bitcoin's usage.
This strategic move not only positions Block as a leader in the cryptocurrency payment space but also indicates a broader trend towards digital asset adoption among merchants, potentially increasing Block's market share and revenue in the long term.
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Analyst Views on XYZ
Wall Street analysts forecast XYZ stock price to rise
30 Analyst Rating
25 Buy
3 Hold
2 Sell
Strong Buy
Current: 77.820
Low
55.00
Averages
86.51
High
108.00
Current: 77.820
Low
55.00
Averages
86.51
High
108.00
About XYZ
Block, Inc. builds technology to increase access to the global economy. The Company operates through two segments: Square and Cash App. The Square includes managed payment services, software solutions, hardware, and financial services offered to sellers, excluding those that involve Cash App. The Cash App segment includes the financial tools available to individuals within the mobile Cash App, including peer-to-peer payments, bitcoin and stock investments. The Cash App also includes Cash App Card, which is linked to customer stored balances that customers can use to pay for purchases or withdraw funds from an ATM. Cash App also includes the BNPL platform. Its Afterpay business is transforming the way customers manage their spending over time. Its TIDAL business is a music platform that empowers artists to thrive as entrepreneurs. Its Bitkey business is a simple self-custody wallet built for bitcoin. Proto business is a suite of bitcoin mining products and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- New Store Openings: Ladurée Canada opened two new airport carriage locations in spring 2026 at Vancouver International Airport and Toronto Pearson International Airport, further expanding its market presence in Canada.
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- Investor Focus: Investors should closely monitor insider selling activities, especially in the current economic climate, as it may influence market assessments of Block's future growth potential.
- Compliance Scrutiny: Such executive transactions typically attract regulatory attention, potentially necessitating further compliance reviews to ensure all trades adhere to relevant laws and regulations.
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