TechFlow news, July 21 — According to The Block, Jack Dorsey's payment platform Block Inc., co-founder of Twitter, will be added to the S&P 500 index on July 23. After confirmation of the news late Friday, the company's stock rose 10% in after-hours trading. Block Inc. is a technology company operating multiple business units within the digital asset ecosystem. Its Bitkey brand is a simple self-custody wallet built for Bitcoin, while Proto is a suite of Bitcoin mining products and services. Last summer, Block began investing 10% of its Bitcoin profits into BTC each month and open-sourced its financial blueprint so others could follow suit. Earlier reports on July 19 mentioned Block’s inclusion in the S&P 500, though no specific date was provided at that time.
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