3 Reasons to Buy Block, and 1 Reason to Sell

3 Reasons to Buy Block, and 1 Reason to Sell

Block (NYSE: SQ), the fintech company formerly known as Square, lost nearly half its market value over the past three months as rising interest rates sparked an exodus from higher-growth tech stocks. Declining Bitcoin (CRYPTO: BTC) prices exacerbated the sell-off, since Block generates revenue from Bitcoin trades and holds some Bitcoin on its balance sheet.