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Block's Australia-listed shares rebound on Bitcoin recovery

ReutersApr 8, 2025 3:39 AM

ASX-listed shares of Block XYZ.AX soars as much as 11.8% to A$85.920; marks biggest intraday pct gain since February 2024

Bitcoin-based revenue makes up ~40% of technology co's top line

Bitcoin stabilises on the day after plunging to five-month low on Monday, while investors await further clues on the global economy's trajectory amid an escalating trade war

XYZ last up 10.8%, trimming YTD losses to 39.6%

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