Connect with us


Square buys $170 million worth of bitcoin – CNBC

The company said it bought approximately 3,318 bitcoins, expanding on its October 2020 purchase of 4,709.



Article feature image

Square bought $170 million worth of bitcoin, the company revealed in its fiscal fourth-quarter financial report Tuesday.
The company said it purchased approximately 3,318 bitcoins, expanding on its October 2020 buy of 4,709. Square said it represents about 5% of the company’s total assets as of the end of 2020.
Bitcoin traded around $48,000 after-the-bell Tuesday, up nearly 62% for the year.
“The investment is part of Square’s ongoing commitment to bitcoin, and the company plans to assess its aggregate…

Click here to view the original article.

Continue Reading

You might also like ...

Article feature image
GameStop Resurgence Reinforces New Reality for Hedge Funds – The Wall Street Journal
Article feature image
Boeing 777 makes emergency landing in Moscow after engine sensor problem – Fox Business
Article feature image
GameStop Can Justify Its Valuation By Turning Into A ‘5,000-Store Introduction To Crypto,’ Says Cramer – Yahoo Finance