Based on the 3,318 Bitcoin units that Square picked up for $170 million, the firm paid an average of $51,235 per coin.
As reported by BTC PEERS, Square has been actively buying Bitcoin. It was one of the first public companies to buy the digital asset. Back in October 2020, the firm threw $50 million at the market-leading cryptocurrency, a move that caught the attention of customers who are eager to join the Bitcoin train. During a quarterly earnings call yesterday, CEO Jack Dorsey said:
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Source: Cryptocurrency - investing.com
