Showing posts with label square bitcoin. Show all posts
Showing posts with label square bitcoin. Show all posts

Square Makes Their 2nd Big Bitcoin Buy...

Square announced it purchased another 3,318 BTC costing them $170 million. 

This is like Michael Jordan saying he's impressed with your basketball skills...
It's an important indicator when a company like square (arguably the world's leader on payment processing) see's a bright future for Bitcoin. 

This is the trend those bullish on Bitcoin hope other companies will follow: Bitcoin now represents 5% of Square's financial holdings.

It takes a small percentage of corporations doing this to start a frenzy over Bitcoin's limited supply - when you hear someone talking about 'Bitcoin going to $1 million!' this is the path that leads there. 

Video Courtesy of  CNBC