Corporations Purchase Bitcoin As Treasury Reserve

Corporations purchase Bitcoin as treasury reserve.  Mobile payments giant Square, which boasts a market cap of $86.6 billion, announced on Oct 8 that it had invested $50 million in Bitcoin (BTC). Five days la...

Square’s Bitcoin Revenue Tops Fiat Figures for Q1 2020

Square, a US-based mobile payments startup, announced its first quarterly figures on Wednesday and, interestingly, revenue from its Bitcoin-based services topped its mainstream financial services. The total ...

Square Capital Approved to Offer Corona Protection Loans

Square Capital, a wholly-owned subsidiary of payments company founded and run by Twitter CEO Jack Dorsey, is the latest non-bank institution approved to distribute loans to help small- to medium-sized busines...

Square’s 2019 Bitcoin Sales Touch $516 Million

Mobile payments startup Square on Wednesday reported that its CashApp generated over $178 million in revenue from the purchase of Bitcoin in the fourth quarter of 2019, making a profit of $3 million. This is...