Block to add more bitcoin to its treasury, lifts annual forecast

Block Inc logo is seen displayed in this illustration taken, April 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Block lifted its full-year adjusted core earnings forecast on Thursday and revealed plans to add more bitcoin to its balance sheet, as the Jack Dorsey-led firm bets big on the cryptocurrency.

Shares of the company jumped 7.9% after the bell.

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