Block, formerly Square and led by Jack Dorsey, has announced significant Bitcoin (BTC) transaction revenue for the third quarter. According to TheBlock, the company generated $1.97 billion from Bitcoin transactions via its popular Cash App. Bitcoin Boosts Block's Revenue This impressive figure accounts for roughly one-third of Block's total revenue for the quarter. The company's overall revenue reached $6.11 billion, with a net income of $661.5 million. The continued popularity of Bitcoin trading on Cash App is a key driver of Block's financial success. Block's focus on cryptocurrency offerings appears to be paying dividends, attracting users and generating substantial revenue. ```