Square a Payments making company has doubled its cryptocurrency holding It announced on October 8 that it had purchased $50 million worth of Bitcoin (BTC).
Square a San Francisco CA based company announced on October 8, 2020 that it has purchased approximately 4,709 bitcoins at an aggregate purchase price of $50 million
Square believes that Bitcoin is the instrument of future and will help in economic empowerment and provide a way for the world to participate in a global monetary system, which aligns with the company’s purpose. The investment represents approximately one percent of Square’s total assets as of the end of the second quarter of 2020.
About Square, Inc.
Square, Inc. (NYSE: SQ)
Square builds tools to empower businesses of individuals to help in participation of economy. Sellers use Square to reach buyers online and in-person, manage their business, and access financing. And individuals use Cash App to spend, send, store, and invest money .
Square has offices in the United States, Canada, Japan, Australia, Ireland, Spain, and the UK.
