Thursday, May 26

Tag: Square

Square rises after $ 170 million investment in bitcoin
CRYPTO COINS

Square rises after $ 170 million investment in bitcoin

In October last year, bitcoin prices were around $ 10,000, while Square bought $ 50 million worth of bitcoin. The company has tripled its previous investments in Bitcoin with this new investment. San Francisco-based payment systems company Square has tripled its previous investments in Bitcoin. The company invested $ 170 million in Bitcoin. Square, which includes Twitter's CEO Jack Dorsey among Square's founders, announced the acquisition in its fourth quarter financial report. Buying 3,318 bitcoins at an average of $ 51,236, the company thinks that Bitcoin, which recently broke the $ 50,000 record, will be valued more. The company has been on the agenda with crypto money investments since 2018. In January 2018, the company, which allowed its users to buy and sell bitcoin ...