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
-
General18 hours agoLanlan Yang pleads not guilty over Rolls-Royce crash in Sydney
-
Noosa News23 hours agoWin Tickets to Spilt Milk 2025
-
Noosa News24 hours agoQueensland resident with measles attended Oasis’ Sydney concert
-
Noosa News23 hours agoVyleen White case: Daughter speaks out after sentence of her teenage killer