Square Announces Additional $170M Bitcoin Buy

By Nasdaq8 days ago

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Payments giant Square has added 3,318 bitcoins to its treasury.

The company announced in advance of its fourth-quarter earnings call that it had added to the 4,709 bitcoins it purchased in October 2020, which were worth $50 million at the time. Currently, that investment is worth $224 million and the company’s total value of BTC on Square’s balance sheet is $394 million.

This is a developing story and will be updated.

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