Cryptocurrencies
Square Puts $50 Million in Bitcoin on Crypto ‘Empowerment’ Bet
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Square Inc. said it has made an investment of about $50 million in Bitcoin, cementing Chief Executive Officer Jack Dorsey’s vision of the currency as an instrument of economic empowerment.
The financial payments company said it bought about 4,709 Bitcoins, representing about 1% of Square’s total assets as of the end of the second quarter.