Square has made $37 million supporting Bitcoin trading

Square reported second quarter financial results that beat estimates, with revenues rising across the business — including its profit from enabling Bitcoin trading on its Cash app.

The payments company posted a Q2 net loss of $6 million, or a penny a share, compared to a net loss of $16 million, or four cents a share, a year earlier.

Square’s Non-GAAP earnings rang up at 13 cents a share on revenue of $385 million, up 60 percent over the same quarter last year.

Wall Street was looking for earnings of 12 cents a share on revenue of $367.6 million.

Square’s gross payment volume (GPV), a key metric for the payments company, came to $21.4 billion, an increase of 30 percent from the same period a year ago. GPV from larger sellers, defined by Square as merchants generating more than $125,000 in annualized revenue, grew 42 percent year over year, attributing 50 percent of GPV for the quarter.

Transaction-based…