Square (SQ) Invests $50 Million in Bitcoin

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Go back to Square (SQ) Invests $50 Million in Bitcoin

Square, Inc. Invests $50 Million in Bitcoin

October 8, 2020 9:00 AM EDT

The investment underscores Squares purpose of economic empowerment

SAN FRANCISCO--(BUSINESS WIRE)-- Square, Inc. (NYSE: SQ) announced today that it has purchased approximately 4,709 bitcoins at an aggregate purchase price of $50 million. Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the companys purpose. The investment represents approximately one percent of Squares... More