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
Bitcoin traders worry as BTC price remains pinned below $50K – Cointelegraph
Article feature image
Texas utility manager rejects calls to fix $16B in overcharges | TheHill – The Hill
Article feature image
Ten years ago, 241 Texas power plants couldn’t take the cold. Dozens of them failed again this year. – The Washington Post