PANews reported on July 21 that according to The Block, Jack Dorsey's payment platform Block Inc will be included in the S&P 500 index on July 23. After the news was confirmed late Friday, the stock rose 10% in after-hours trading.
Block Inc is a technology company operating multiple business departments in the digital asset ecosystem, with its Bitkey brand being a simple self-hosted wallet built for Bitcoin, and Proto being a suite of Bitcoin mining products and services. Last summer, Block began investing 10% of its Bitcoin profits in BTC monthly and open-sourced its financial blueprint for others to emulate.
Previously, on July 19, it was reported that Block will join the S&P 500 index, but no specific time was mentioned.
