{"id":187234,"date":"2021-02-24T01:06:00","date_gmt":"2021-02-23T22:06:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/square-doubles-down-on-bitcoin-investing-another-170m\/"},"modified":"2021-02-24T01:06:00","modified_gmt":"2021-02-23T22:06:00","slug":"square-doubles-down-on-bitcoin-investing-another-170m","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/square-doubles-down-on-bitcoin-investing-another-170m\/","title":{"rendered":"# Square doubles down on Bitcoin, investing another $170M"},"content":{"rendered":"<p>&#8220;<strong># Square doubles down on Bitcoin, investing another $170M  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9hN2UxZmQwMjMyZjRlNmE0MjY4OTk0ZjJiNDMyMjBkNS5qcGc=.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Financial services outfit Square just announced it has picked up more Bitcoin.\u00a0<\/p>\n<p>Square \u201chas purchased <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately 3,318 bitcoins at an aggregate purchase price of $170 million,\u201d the company <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/investors.squareup.com\/news\/news-details\/2021\/Square-Inc.-Announces-Fourth-Quarter-and-Full-Year-2020-Results\/default.aspx\">said<\/a> in a public statement on Tuesday, adding:<\/p>\n<blockquote><p>\u201cCombined with Square\u2019s previous purchase of $50 million in bitcoin, this represents approximately five percent of Square\u2019s total cash, cash equivalents and marketable securities as of December 31, 2020.\u201d<\/p><\/blockquote>\n<p>Bitcoin (BTC) has fallen significantly this week so far, dropping below the $50,000 mark after tapping a record high past $58,000, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/?symbol=COINBASE%3ABTCUSD\">based<\/a> on TradingView.com data. Based on the $170 million sum Square swapped for about 3,318 BTC, the outfit looks to have paid an average of $51,235 per coin on its new investment.<\/p>\n<p>\u201cAligned with the company\u2019s purpose, Square believes that cryptocurrency is an instrument of economic empowerment, providing a way for individuals to participate in a global monetary system and secure their own financial future,\u201d Square noted in the statement. \u201cThe investment is part of Square\u2019s ongoing commitment to bitcoin, and the company plans to assess its aggregate investment in bitcoin relative to its other investments on an ongoing basis.\u201d<\/p>\n<p>Square bought $50 million worth of Bitcoin in 2020, which it announced last fall.<\/p>\n<p>Square\u2019s statement also included an unveiling of its 2020 financial documents. <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> CEO Jack Dorsey also serves as CEO of Square. Dorsey recently donated a Bitcoin to a non-profit aimed at Bitcoin technical progress.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/square-bought-more-bitcoin-almost-doubling-its-holdings\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Square doubles down on Bitcoin, investing another $170M &#8221; Financial services outfit Square just announced it has picked up more Bitcoin.\u00a0 Square \u201chas purchased approximately 3,318 bitcoins at an aggregate purchase price of $170 million,\u201d the company said in a public statement on Tuesday, adding: \u201cCombined with Square\u2019s previous purchase of $50 million in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":187235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9hN2UxZmQwMjMyZjRlNmE0MjY4OTk0ZjJiNDMyMjBkNS5qcGc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74927,74355],"class_list":["post-187234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-square","tag-adoption"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/187234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=187234"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/187234\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/187235"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=187234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=187234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=187234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}