Category: Square

Fidelity Digital Assets Touts Bitcoin Credentials, As Publicly Traded Companies Now Hold Over 600,000 BTC

Fidelity Digital Assets Touts Bitcoin Credentials, As Publicly Traded Companies Now Hold Over 600,000 BTC

Fidelity Digital Assets (FDA) says diversifying an investment portfolio with bitcoin is especially essential now when benchmark interest rates globally are near or below zero. The opportunity cost of not allocating to bitcoin is simply higher explains FDA in its latest bitcoin investment thesis. FDA’s assertions come as one survey found that as many as […]

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$10 billion money manager parks $100 million of treasury into bitcoin

$10 billion money manager parks $100 million of treasury into bitcoin

The list of firms purchasing bitcoin on their balance sheet continues to grow. The latest addition is the $10 billion asset manager Stone Ridge Holdings Group, which announced Tuesday that bitcoin would serve as its primary treasury reserve asset.  According to a press release, the firm said that it purchased more than 10,000 bitcoin (worth […]

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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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Square details how it bought $50 million in bitcoin on the over-the-counter market

Square details how it bought $50 million in bitcoin on the over-the-counter market

Payments company Square made waves on Thursday after its surprise reveal of a $50 million bitcoin purchase.  The details were included in a white paper published alongside the news, which provided details on Square’s investment thesis, how it approached the buying process and the method by which it’s actually keeping those bitcoins safe. It’s a […]

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