It's been a little over a week since Jack Dorsey stepped down from Twitter to focus entirely on 'Block' - which is the new name of the company that includes Square, Cash App, and a soon-to-launch DeFi focused Bitcoin exchange. 

The first announcement from Block since Dorsey made the move: A new Cash App feature that allows users send stocks and bitcoin to other users.

Video courtesy of CNBC...

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