March 29, 2024

Square Inc. invested another $ 170 million in Bitcoin

Square Inc. invested another $ 170 million in Bitcoin

The company today announced an additional $ 170 million purchase of bitcoins.

Jack Dorsey stated:

We believe that the internet needs a native currency, and that currency is Bitcoin.

He continued:

We see that our users are actively using not only p2p transactions, but also other crypto products - Visa Cash Card, and Bitcoin Boost.We will redouble our efforts with Bitcoin and continue to develop new cryptocurrency services for CashApp.

Square was one of the first public companies to invest in Bitcoin in October 2020.At the end of last year, the firm also invested $10 million in BTC green mining.

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Based on materialsambcrypto.com