Today’s Stock: Block

A fintech payments giant that caters to small businesses in need of point-of-sale solutions. It also operates the popular Cash App application and is at the forefront of promoting Bitcoin adoption. Additionally, it offers music streaming services through Tidal.

Huge fan of block. I own a big bag of it. But my investment in block is more ideological than rational due to me being a bitcoin hyperbull.

At 68k sats for one share (@ $89,285) that pays no dividend early to medium term investors may not see much value in owning this stock. You can find better growth opportunities (i.e bitcoin) in the market then waiting for Block to expand its payments and streaming businesses.

Block and $3 Jack

(I laughed when I saw this)

have done a lot for the bitcoin ecosystem. Thus why I am happy to own this stock.

The balance sheet is clean. PE under 15 makes it historically cheap but the growth projections are abysmal. With no dividends paying 68k sats for this stock now may not be a wise investment. Bitcoin I suspect will grow faster than BIock with out the execution and dilution risk that comes with owning the stock. I think that is why investors sold off the stock over the year.

With that said; Block is pushing the world towards an open money standard! Therefore, this investment is about giving my capital to a company that is implementing what I want to see happen in the world. While moral investing like this may not yield the highest returns, at the very least, it allows me to sleep at night knowing that I am trying to end this fiat hellscape we are in.