First position of $SQ (+1,31 %) Block opened

Back before Corona, when the company was only called Square, I wanted to get in and could only look at the price. Well, then the company was smashed on the stock market and the price took a dive.

The consolidation then began in 2022 at around 60 dollars (at the EMA 200 / M-Chart). The November candle (11/2024) ran above the EMA 50 and in December it also opened above it. That was my moment to buy. If the 100 dollars are now also broken, there is great potential to run towards old highs. Remains exciting 😎💲🤞🏼

The company is represented globally in various countries and anyone who watches Formula 1 has Cash app (owned by Block) as a sponsor of the Racing Bulls.

Before 2018, there were 7 million users, then 30 million users were reported in 2020 and by 2024 there will be more than 50 million active users.

Here is a brief overview of Block's main products:

• SquareThis is the company's original brand, which provides a platform for merchants.

• Cash App: A popular payment app that allows users to send, receive money and buy Bitcoin or stocks directly through the app.

• TIDALMusic streaming platform known for its direct support of artists.

• Afterpay"Buy Now, Pay Later" service to provide flexible payment options for customers.

Bitcoin and blockchain: Block is heavily involved in cryptocurrencies. A decentralized Bitcoin-based financial platform is being developed through the TBD business unit, while Spiral supports open source projects in the Bitcoin space.