Business
Square buys 4,709 bitcoins for $50 million on the potential it will be a ‘ubiquitous currency’ – Business Insider Australia
Square jumped as much as 3% on Thursday after it announced it had purchased 4,709 bitcoins for an aggregate price of $US50 million.
- Square said on Wednesday it purchased 4,709 bitcoins at an aggregate purchase price of $US50 million.
- The digital payments company said the investment represents approximately 1% of Square’s total assets at the end of the second quarter of 2020.
- Square sees potential for bitcoin to become “a more ubiquitous currency” in the future, the company said.
- The direct investment into bitcoin builds upon its previous investments in the crypto industry.
- Visit Busine…
Continue Reading
-
Noosa News22 hours agoGirl on scooter dies in Laidley, motorbike rider killed in Gatton
-
Noosa News18 hours agoLaidley e-scooter death: Tragic new details after Summah Richards killed in freak accident
-
General22 hours agoBrisbane coach Michael Maguire backs Reece Walsh despite error handing Broncos defeat
-
General17 hours agoEaster drowning toll in NSW rises after fisherman swept off rocks in Sydney’s south