Square Invests $50 Million in Bitcoin

[MRM]

Square has bought 4,709 Bitcoin as part of its investment strategy. It says this investment is about Bitcoin's potential.
Payments company Square has invested $50 million into Bitcoin, according to an announcement today. It has bought 4,709 Bitcoin, with one percent of the company's assets.
We believe that Bitcoin has the potential to be a more ubiquitous currency in the future,” said Square’s chief financial officer, Amrita Ahuja. “As it grows in adoption, we intend to learn and participate in a disciplined way. For a company that is building products based on a more inclusive future, this investment is a step on that journey.”
Source: https://decrypt.co/44319/square-invests-50-million-in-bitcoin