Block Joins S&P 500 as Square Rolls Out Bitcoin Payments

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Block, formerly Square Inc., has joined the S&P 500 while its subsidiary Square begins onboarding merchants for its new Bitcoin payment feature. The move aligns with CEO Jack Dorsey’s vision of Bitcoin as a dominant global currency.

  • Block joins the S&P 500 while Square launches Bitcoin payments via Lightning Network.
  • Jack Dorsey aims to position Bitcoin as a mainstream payment method, stepping away from Twitter to focus on crypto.
  • Despite Bitcoin's 26% YTD growth, Block's stock has fallen over 8% in 2024.
Related Tags: Bitcoin
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