Square Buys $170 Million Worth of Bitcoin Square Earnings 2-24-21

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Square buys $170 million worth of bitcoin

Square bought $170 million worth of bitcoin, the company revealed in its fiscal fourth-quarter financial report Tuesday.

The company said it purchased approximately 3,318 bitcoins, expanding on its October 2020 buy of 4,709. Square said it represents about 5% of the company’s total assets as of the end of 2020.

Source:

Square Drops Despite Quarterly Beat; Purchases $170 Million in Bitcoin

Square topped analysts' Q4 earnings and revenue estimates and announced the purchase of roughly 3,318 additional bitcoin. Source:

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