Category: Jack Dorsey

$10 Billion in BTC Reserves: Companies With Bitcoin Treasuries Command Close to 4% of the Supply

$10 Billion in BTC Reserves: Companies With Bitcoin Treasuries Command Close to 4% of the Supply

The web portal bitcointreasuries.org now shows close to two dozen firms with a large number of bitcoin reserves. Currently, the aggregate total bitcoin held in reserves by the 23 companies listed is roughly 785,999 BTC worth well over $10 billion dollars. This past August the billion-dollar firm Microstrategy announced it purchased 21,454 BTC for around […]

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Here Are the Top Public Companies That Have Adopted Bitcoin as a Reserve Asset

Here Are the Top Public Companies That Have Adopted Bitcoin as a Reserve Asset

When Microstrategy Inc. bought $425 million bitcoin in the last two months, the decision became an important stamp of institutional approval of the top crypto’s credentials as a mature, safe-haven asset. The American technology firm had just made bitcoin its primary reserve asset to hedge against fiat inflation. Now, it appears major global companies are […]

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Jack Dorsey’s Square purchases $50 million worth of bitcoin 

Jack Dorsey’s Square purchases $50 million worth of bitcoin 

Square, Twitter CEO Jack Dorsey’s payment company, has purchased around 4,709 bitcoin at an aggregate purchase price of $50 million, i.e. at an average price of around $10,600 per bitcoin. Announcing the news on Thursday, Square said “cryptocurrency is an instrument of economic empowerment and provides a way to participate in a global monetary system, […]

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Jack Dorsey’s Square Inc Invests $50 Million in Bitcoin (BTC)

In a major announcement on Thursday, October 8, Jack Dorsey-backed Square Inc. (NYSE: SQ) announced that they have invested a massive $50 million in Bitcoin. With the total purchase amount of 4,709 BTC, the purchase happened at an average price of $10617.96 per BTC. Today, @Square announced that it has purchased $50M in bitcoin. Square […]

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Square’s Major Bitcoin Buy: Puts 1% of Total Assets Worth $50 Million in BTC

Square’s Major Bitcoin Buy: Puts 1% of Total Assets Worth $50 Million in BTC

Square Inc. has put 1% of its total assets in bitcoin worth about $50 million. The company believes that “cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system.”Square’s Major Bitcoin BuySquare Inc. announced Thursday that it has bought approximately 4,709 bitcoins at an […]

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