Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Prasanna Dhananjay, Technology + Engineering Lead at Block, Inc. (NYSE:SQ), sold a total of 3,600 shares of Class A Common Stock on July 15 and July 17. The sales were executed at prices ranging from $68.06 to $70.0, resulting in a total transaction value of $246,568. Block, with a market capitalization of $43.35 billion, has shown significant price volatility with a beta of 2.74, according to InvestingPro data.
The transactions are detailed in a Form 4 filing with the Securities and Exchange Commission. Following the sales, Dhananjay directly owns 303,551 shares of Block, Inc.
The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 25, 2025.
In other recent news, Square has launched its new Square Handheld point-of-sale device in the UK, designed to enhance service efficiency in the food and beverage sector. This portable device includes features like offline payment capabilities and a barcode scanner, and it operates on Square’s unified Point of Sale app. Additionally, Square has expanded its partnership with Live Nation Canada, becoming the exclusive payment processor at major concert venues and festivals across the country for the next three years. In the U.S., Square has introduced Square AI, an artificial intelligence tool now in open beta, which provides sellers with data insights and operational guidance directly through the Square Dashboard.
Meanwhile, Cash App, a subsidiary of Block, Inc., has partnered with actor Timothée Chalamet in a new campaign to promote financial literacy across age groups. This collaboration includes a commercial airing in U.S. movie theaters and a series of limited edition Cash App Card stamps. Furthermore, JPMorgan Chase (NYSE:JPM)’s decision to charge fees for access to customer bank account information has raised concerns in the fintech sector, impacting companies like Block. According to Bernstein analysts, larger fintech firms may have negotiated agreements that mitigate the impact of these fees.
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