Jack Dorsey’s Block Achieves 9.7% Yield on Bitcoin via Lightning Network

Square, owned by Jack Dorsey’s Block, is earning a yield of 9.7% on its Bitcoin holdings by running a node on the Lightning Network. This yields approximately $1 million annually, as the company processes one in four of its outbound Bitcoin payments through Lightning. Square plans to roll out Lightning-based payments to all eligible sellers by 2026, reinforcing its strategy to accelerate Bitcoin adoption.

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