**[Block Q1 Shows "Strong" Performance and Raises Full-Year Earnings Forecast, but Records $173 Million Bitcoin Revaluation Loss]** According to The Block, Jack Dorsey's fintech company Block recorded a $173 million revaluation loss in Q1 due to Bitcoin price fluctuations, resulting in a net loss attributable to common shareholders of $309 million. Block holds 28,355 Bitcoins, valued at approximately $2.2 billion. Despite this non-cash loss, Block's total gross profit in Q1 grew 27% year-over-year to $2.91 billion. Cash App's gross profit increased 38% to $1.91 billion, while Bitcoin-related business revenue declined 31% year-over-year. Square's Bitcoin business remained largely unchanged, with related revenue of approximately $28 million offset by roughly equivalent costs, having a negligible impact on gross profit. Adjusted operating profit rose 56% to $728 million, and adjusted earnings per share increased 52% to $0.85.