Square has bought another $ 170 million worth of bitcoins
Square has bought bitcoin : Square announced yesterday that it has invested another $ 170 million in Bitcoin.
According to Cryptoglob, the company described its bitcoin investment in its 2020 financial report and the final quarter of that year on Tuesday:
Square bought about 3,318 bitcoins worth approximately $ 170 million. According to Square’s previous $ 50 million investment, the total value of the bitcoins is about 5% of the company’s liquidity and tradable securities.
In another part of this report, it is stated:
Jack Dorsey, Jim McKelvey and Tristan O’Tierney founded Square in 2013. Jack Dorsey also serves as CEO and Chairman of the Board.
Earlier, Square’s chief financial officer said in a statement that bitcoin had the potential to become the Internet’s main currency. He also said that bitcoin is becoming a bigger part of Square business.
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