Block is a diversified fintech company that has integrated Bitcoin into its operations. Unlike other businesses, Block isn’t focused solely on Bitcoin. The company ranks 13th in BitcoinTreasuries’ list of public companies holding the top cryptocurrency.

Block, formerly known as Square, offers a range of financial tools for small businesses through Cash App. The company also has a Buy Now Pay Later platform called Afterpay, along with Bitcoin mining and wallet products. CEO Jack Dorsey is a Bitcoin maximalist who sees it as the future currency of the internet.

Despite its Bitcoin focus, Block is more of a fintech company. This is reflected in its performance, with shares down 12% this year while Bitcoin has gained 23%. Investors should consider how Block will navigate a competitive landscape and handle stablecoin growth when evaluating the company.

The Motley Fool Stock Advisor team did not include Block in their list of 10 best stocks to buy now. They have a history of identifying stocks that produce significant returns. Stock Advisor’s total average return is 1,058%, outperforming the S&P 500. Join Stock Advisor to receive their latest top 10 list.

Read more at Nasdaq: Why Block Is More Than Just a Bitcoin Play