Daily Observation of Cryptocurrency Concept Stocks: Block Launches "10% Gross Profit Coin Purchase" Criteria, Latin American Giant Nubank Promotes "Deposit Monetization"

1. The Victory of Accounting Standards: Block Inc.'s "10% Gross Profit Dollar-Cost Averaging"

Block Inc. (NYSE: $SQ) executed its established "10% Gross Profit Bitcoin Purchase" policy yesterday, increasing its holdings by approximately 1,200 BTC in a single day.

This policy, driven by Jack Dorsey, is becoming a financial model for tech companies: it eliminates the interference of human predictions on market trends, instead treating Bitcoin purchases as a "systemically built-in" financial stream. This means that as long as Block's ecosystem (Cash App, Square) is profitable, the company's Bitcoin reserves will automatically grow like a program running. This "algorithmic treasury" is more robust than MSTR's leveraged model and is favored by conservative institutional investors.

2. Defensive Digital Banking: Nubank Drives 1% of Deposits to Convert into Reserves

Latin American digital banking giant Nubank (NYSE: $NU) disclosed its new treasury strategy yesterday: it plans to gradually convert 1% of its cash deposit balance on the company's balance sheet into Bitcoin.

In markets like Latin America, where inflation fluctuates frequently, Nubank's move is significant. It is not only aimed at capital gains but also to introduce a "non-sovereign credit hard currency" into bank reserves. If this "deposit monetization" logic is adopted by more digital banks, it will provide a long-term underlying demand pool for Bitcoin based on the banking reserve system.

3. Ecological Hedging: PayPal Utilizes PYUSD for "Dynamic Rebalancing" with BTC

PayPal (NASDAQ: $PYUSD) showcased an innovative treasury management tool yesterday: automating dynamic rebalancing between its stablecoin PYUSD earnings and BTC reserves.

When the reserve interest of PYUSD exceeds a set threshold, the system automatically converts it into BTC. This "earning-to-hold" strategy allows PayPal to continuously expand its digital asset portfolio without consuming principal. This also marks the entry of crypto concept stocks into the "second-tier asset management" era, where on-chain native income streams are used to support core asset reserves.

The "Unattended" Era of Treasury Management

Based on the trends from March 17, the market shows clear characteristics of "industrialized dollar-cost averaging." Whether it's Block's gross profit ratio system or PayPal's automatic rebalancing, it reflects that leading companies are no longer entangled in entry points but are committed to deeply embedding crypto assets into their financial underlying protocols.

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Data source: https://bbx.com/ Crypto concept stock information database, organized based on global public company announcements and SEC/TSE disclosure documents from yesterday.