---
title: "Block Inc’s Bitcoin revenue stagnates in Q3, shares drop 12% on revenue miss"
url: https://diffcoin.com/block-incs-bitcoin-revenue-stagnates-in-q3-shares-drop-12-on-revenue-miss/
description: "Block missed its revenue estimates for Q3 and said it is “winding down” its DeFi business to shift money into its Bitcoin mining and wallet businesses.…"
published: 2024-11-08
updated: 2024-11-08
author: "Mila"
site: "Diffcoin"
---

# Block Inc’s Bitcoin revenue stagnates in Q3, shares drop 12% on revenue miss

Block missed its revenue estimates for Q3 and said it is “winding down” its DeFi business to shift money into its Bitcoin mining and wallet businesses.

[Source link](https://cointelegraph.com/news/block-q3-earnings-bitcoin-revenue-stagnates-shares-drop-revenue-miss?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)