Block Inc Surges to 128th in Trading Volume with $742 Million as Bitcoin Payments Launch

On May 27, 2025, Block (XYZ) saw a significant surge in trading volume, reaching $742 million, a 30.95% increase from the previous day. This surge placed Block at the 128th position in terms of trading volume for the day. The stock price of Block also rose by 5.81%, marking the third consecutive day of gains and a total increase of 12.10% over the past three days.

Block, Inc. has announced the launch of bitcoin payments on its Square platform, a move that signifies a major step in the integration of cryptocurrency into mainstream commerce. This initiative is part of a broader strategy to expand the use of bitcoin, building on Square's existing "Bitcoin Conversions" feature. The rollout is expected to be available to all eligible merchants by 2026, subject to regulatory approval.

The integration of the Lightning Network into Square's payment system is a key component of this initiative. This technology promises faster and cheaper transactions, making it an attractive option for merchants looking to accept bitcoin payments. The Lightning Network will enable near-instantaneous transactions, enhancing the overall user experience and potentially driving wider adoption of bitcoin as a payment method.

Block's pilot program for real-time bitcoin payments was launched at the Bitcoin 2025 event in Las Vegas. Attendees were able to make purchases using bitcoin, including items like t-shirts and hoodies, demonstrating the practical application of this technology in a real-world setting. This pilot program is a crucial step in the broader rollout, providing valuable data and feedback that will inform the full implementation of bitcoin payments on the Square platform.