Twitter's Square Inc. Invested Almost $170M with More Than 3,300 Bitcoins Purchased!
3 days ago | By Tech Times
Thousands of Bitcoins equates to millions of dollars today, and Square recently bought a lot!
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Square's Cash App drives nearly half of the company's Q4 profits
3 days ago | By ZDnet
The Cash App also generated $1.76 billion of bitcoin revenue and $41 million of bitcoin gross profit during the fourth quarter.
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Square goes even bigger on bitcoin with a new $170 million investment
3 days ago | By The Verge
Illustration by James Bareham / The Verge
Square has just made another colossal investment in bitcoin, more than tripling its last investment in the cryptocurrency with a $170 million purchase of tokens. The digital payments company, which is run by vocal bitcoin advocate and Twitter CEO Jack Dorsey, disclosed the investment in its quarterly earnings report on Tuesday .
The company purchased about 3,318 bitcoins at an average price of $51,236, which signals remarkable confidence in bitcoin as it reaches record heights and invites renewed skepticism about its stability.
“Aligned with the...
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