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Square Revenues Triple, Fueled By Bitcoin Purchases

Square, Inc. (SQ) reported first quarter 2021 earnings this week, and the company revenues vastly surpassed the analyst’s expectations. Quarterly revenues to start the year came in at over $5B USD, compared to average analyst projections anticipated $3.37B. In the last quarter of 2020, the company purchased $50M worth of …

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How Coinbase, Square and Fidelity will support Bitcoin

To contribute to Bitcoin and crypto regulation, 4 prominent partners have formed the Crypto Council for Innovation (CCI). Created by investment firm Paradigm, crypto exchange Coinbase, payment processor Square, and investment firm Fidelity Digital Assets. The initiative aims to lobby on behalf of the cryptocurrency industry, conduct research, and promulgate …

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Square Is Up 100% on Its $50 Million Bitcoin Purchase

Following MicroStrategy, the Bitcoin-friendly fintech company Square shocked the space earlier this year when it revealed it would be deploying capital into BTC. The large Silicon Valley firm spent $50 million from its balance sheet, around 1% of its assets, on BTC. This marked the second time a U.S. based …

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