Square invested $ 170 million in Bitcoin

in #crypto2 months ago

Square bought $ 50 million worth of Btc, while Btc was around $ 10,000 last year. Square said in its latest announcement that it purchased another $ 170 million worth of Btc. Among the founders of Square is Jack Dorsey, the CEO of Twitter. Square announced the acquisition in its fourth quarter financial report.

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Source

Square has made an investment of 170 million dollars by purchasing 3318 units of Btc at approximately $ 51,235. When you look at the investment made last year, it has increased 3 times this year. Square allows its users to buy and sell bitcoin with its CashApp application.

In short, I think Square's bitcoin investments will continue to increase in the coming years. I believe that investments will increase not only in Btc but also in many strong cryptocurrencies. Also in 2018, Jack Dorsey said in an interview that I believe Bitcoin will be the only currency in the world. I think not only Btc, but all strong cryptocurrencies will be the world's currency.

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