Square bought 4,709 bitcoins at the price of $50 million. The investment represents almost 1% of the company's total assets as of the second quarter of 2020.
Its a symbolic gesture from Jack... If he would mean it, it would be a lot more
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But wait until the dominos start falling and competitors start to match that 1%. Maybe the next company's risk analysts say they should go 2%.
It's starting.
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