News – US – Square gets bigger with a new $ 170 million investment in Bitcoin

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Square has just made another whopping investment in Bitcoin, more than tripling its final investment in cryptocurrency with a $ 170 million purchase of tokens from the digital payments company run by vocal Bitcoin lawyer and Twitter CEO Jack Dorsey announced the investment in its quarterly earnings report on Tuesday

The company bought around 3318 bitcoins at an average price of 51$ 236, signaling remarkable confidence in Bitcoin as it hits record highs and again provokes skepticism about its stability

“Consistent with the company’s purpose, Square believes that cryptocurrency is an economic empowerment tool that enables individuals to participate in a global monetary system and secure their own financial futures,” the company’s press release said, Announcing the Purchase “The investment is part of Square’s ongoing commitment to Bitcoin The company plans to continue evaluating its total investment in Bitcoin against its other investments ”

Square first announced a major bitcoin investment in October last year when it bought tokens worth $ 50 million when a single bitcoin was just over 10The current price for a single Bitcoin is just under 50$ 000 after the currency hit an all-time high of just over 58 after months of soaring$ 000 was down slightly earlier this week

Square, Bitcoin, Cryptocurrency

News – US – Square gets even bigger with a new investment of 170 million US dollars in Bitcoin
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Source: https://www.theverge.com/2021/2/23/22297935/square-bitcoin-purchase-170-million-investment-cryptocurrency