BUZZ-Block's Australia-listed shares rebound on Bitcoin recovery

Reuters

2025/04/08

** 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%

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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