[Block's Bitcoin Revenue Reaches $2 Billion in Q3, Accounting for Nearly One-Third of Total Revenue] BlockBeats News, November 7, Twitter co-founder Jack Dorsey's company Block reported $2 billion in Bitcoin revenue for the third quarter, accounting for nearly one-third of its total revenue. According to Block's Q3 earnings report, gross profit increased by 18% year-over-year, with third-quarter revenue reaching $6.11 billion and reported earnings of $461.5 million. The performance met or exceeded some analysts' expectations but fell short of other key metrics. Bitcoin remains Block's second-largest revenue source, following subscription- and service-based core revenue. XYZ stock fell 3.7% to $70.94 at market close and dropped 9.6% to $64.10 in after-hours trading.