The time has come.
Institutional investments are coming into the crypto space.
After Microstrategy’s BTC bet, another Nasdaq listed company is making its move into crypto investment.
But what has it got to do with you and me? Or rather, the billion dollar question of
On the way from around USD 300 billion to USD 1 trillion market cap for cryptocurrencies, how much is your portion?
Square (SQ) Invests $50 Million in Bitcoin
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 company’s purpose.
The investment represents approximately one percent of Square’s total assets as of the end of the second quarter of 2020.
Square has previously invested in bitcoin from a product, leadership, and legal innovation perspective, and today adds this financial investment.