“Square buys $50 million in bitcoin, says cryptocurrency ‘aligns with company’s purpose’”
January 1, 2021
“Square said Thursday it bought 4,709 bitcoins, worth approximately $50 million. This represents about 1% of Square’s total assets as of the end of the second quarter of 2020…
The price of the digital currency has risen to around $10,724 from $7,100 in January, according to industry site CoinDesk, in a year roiled with the coronavirus pandemic. The digital currency did drop below $5,000 during the recession in March…”