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2 clusters · 9 sources · 11 days · First seen · Last updated

Categories: BUSINESS · TECHNOLOGY

Block Cash App Bitcoin fee removal impact

Entities: Cash App · Jack Dorsey · Block Inc. · Bitcoin · Amrita Ahuja

Overview

In late July, Block’s Cash App announced it would stop charging transaction fees or spreads on Bitcoin purchases exceeding $2,000, extending the zero‑fee policy to recurring and automatic buys. The change was presented as a major pricing shift for the service.

A week later, Block reported its second‑quarter 2026 earnings. Overall gross profit rose 25% year‑over‑year, driven by a 31% surge in Cash App’s gross profit. However, Bitcoin‑related gross profit fell 31% after the fee cuts, even as transaction volume remained high. The company also noted the rollout of stablecoin payment options and continued reinvestment of a portion of Bitcoin profit back into BTC purchases. The earnings beat expectations, and Block highlighted cost‑cutting measures and AI integration as contributors to stronger margins.

Timeline

  1. 1 day ago

    [BUSINESS] 9 sources
    Block raises 2026 profit outlook as Cash App growth offsets Bitcoin profit drop

    Block posted Q2 2026 earnings with profit up 25%, raised full‑year gross‑profit forecast to $12.51 bn, cash‑app profit up 31% while Bitcoin profit fell 31% after fee cuts.

  2. 12 days ago

    [TECHNOLOGY] 2 sources
    Cash App eliminates fees on Bitcoin purchases over $2,000

    Cash App, owned by Block, has removed all fees and spreads on Bitcoin purchases above $2,000 and on all recurring or auto buys, lowering costs for larger and regular buyers.

Sources

cointelegraph.com · criptotendencias.com · cryptobriefing.com · paparazzi.com.ar · seekingalpha.com · stocknews.com · tekedia.com · wsau.com · wtvbam.com