Square Inc. has announced today that it has purchased 4,709 BTC for approximately $50 million, allocating around 1 percent of its total assets as of Q2 2020 to Bitcoin. The payments company, founded by Twitter’s CEO Jack Dorsey, said that it intends to participate in growing Bitcoin’s adoption.
CashApp’s parent company Square invests $50 million in Bitcoin
Square, a payments company founded by Twitter CEO Jack Dorsey, has announced today that it has purchased approximately 4,709 bitcoins. In an announcement published on its official website, the company said that the bitcoins were acquired at an aggregate purchase price of $50 million.
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https://cryptoslate.com/square-allocates-one-percent-of-its-total-assets-to-bitcoin/