Cash App bitcoin sales jumped 34% in Q2 to $2.4 billion

Payment company Block, Inc. said that bitcoin sales on its Cash App platform jumped 34% in the second quarter from the same period last year to a whopping $2.4 billion.

Gross profit from the bitcoin sales came in at $44 million, up 7% year over year. The company said customers were buying more of the digital asset, even with declining prices.