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Block, the fintech firm led by Jack Dorsey, is set to join the S&P 500, becoming the second crypto-focused company in the index after Coinbase. This move highlights growing mainstream acceptance of crypto firms amid regulatory shifts. Block’s inclusion underscores its financial maturity and Bitcoin-centric strategy.
- Block is the second crypto-focused firm to join the S&P 500 after Coinbase, reflecting growing institutional acceptance.
- The company allocates 10% of its Bitcoin-related profits monthly to BTC purchases, holding over 8,500 BTC.
- Regulatory shifts, like the GENIUS Act, are accelerating crypto's integration into traditional finance.
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