Twitter CEO Dorsey's Square Firm invests $170 Million in Bitcoin
Shortpedia
Content Team
Image Credit: sHortpedia
Twitter CEO Jack Dorsey's credit and payments firm Square has invested $170 million in Bitcoin, more than tripling its last investment in the cryptocurrency. The company purchased about 3,318 bitcoins at an average price of $51,236. Combined with Square's previous purchase of $50 million in bitcoin, this represents approximately 5% of Square's total cash, cash equivalents and marketable securities as of December 31, 2020," the company announced.
