Square goes all in and invested $50 Million in Bitcoin.
As part of an investment strategy Square the company owned by Jack Dorsey (CEO of Twitter) has acquired more bitcoin to its portfolio.
This acquisition was bought with 1% of the company's assets.
We believe that Bitcoin has the potential to be a more ubiquitous currency in the future. As it grows in adoption, we intend to learn and participate in a disciplined way. For a company that is building products based on a more inclusive future, this investment is a step on the journey
—Amrita Ahuja, Square's CFO