Analyst says ‘it doesn’t matter’ as Block reports a hit to BTC revenue in Q4

Block reports a 7.0% decline in its fourth quarter bitcoin revenue.
Baird analyst David Koning shares his outlook on the Block stock.
Shares of the financial technology company are up 15% year-to-date.Shares of Block Inc (NYSE: SQ) are trading up in extended hours even though the financial technology company reported a year-over-year decline in its bitcoin revenue.
Baird’s analyst reacts to its quarterly update
The San Francisco-based multinational noted a 7.0% hit to its bitcoin revenue