Last Updated on March 24, 2023 by Paganoto
Square, Inc. Invests $50 Million in Bitcoin
Square, Inc. Invests $50 Million in Bitcoin
(NYSE: SQ) announced today that it has purchased approximately 4,709 bitcoins at an aggregate purchase price of $50 million. Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company's purpose.Oct 8, 2020
Square buys $170 million worth of bitcoin – CNBC
Square buys $170 million worth of bitcoin – CNBC
Square bought $170 million worth of bitcoin. · The company said it purchased approximately 3,318 bitcoins, expanding on its October 2020 purchase …
Square saw 1 million users buy bitcoin for first time in January
Square saw 1 million users buy bitcoin for first time in January
Square itself bought $50 million worth of bitcoin in October using existing cash on its balance sheet. On Tuesday, the Jack Dorsey-led company …
Why Square went on a $50 million Bitcoin buying spree
Why Square went on a $50 million Bitcoin buying spree
The fintech giant Square announced on Thursday morning that it bought 4,709 Bitcoins for the price of $50 million, noting that the purchase …
Square Has 'No Plans' to Buy More Bitcoin After $20 Million Loss
Square Has 'No Plans' to Buy More Bitcoin After $20 Million Loss
Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasury, after losing $20 million on its $220 million …
Square buys $50 million in bitcoin as part of larger investment …
Square buys $50 million in bitcoin as part of larger investment …
Payments platform Square has purchased $50 million in bitcoin, part of its larger investment in cryptocurrency, the company announced on …
Square goes even bigger on bitcoin with a new $170 million …
Square goes even bigger on bitcoin with a new $170 million …
“Aligned with the company’s purpose, Square believes that cryptocurrency is an instrument of economic empowerment, providing a way for …
Square Buys Another $170M in Bitcoin – CoinDesk
Square Buys Another $170M in Bitcoin – CoinDesk
Ahead of its fourth-quarter earnings call Tuesday the payments firm announced it had purchased an additional 3,318 BTC as a reserve asset.
Square Might Have a Bitcoin Problem – The Washington Post
Square Might Have a Bitcoin Problem – The Washington Post
That business, which allows users to buy and sell Bitcoin through the app, generating fees for Square in the process, had $1.82 billion in …
How Square's Approach To Bitcoin Differs From Competitors
How Square's Approach To Bitcoin Differs From Competitors
Square simplified the process by directly buying bitcoin, selling it to Cash App users at a slight margin, and not charging any additional …
Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.