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Could Twitter Be the Next Big Company to Add Bitcoin to Its Balance Sheet?

March 2, 2021 by Dalmas Ngetich at Bitcoin

The social media giant Twitter, on Mar 1, announced a $1.25 billion convertible bond offering. Anthony Pompliano now speculates Jack and his team may be preparing to allocate a portion of funds raised to Bitcoin, following MicroStrategy's route. Will Twitter Add Bitcoin to their Treasury? In a tweet, a few...

Twitter, MicroStrategy BTC Purchase Show Institutional Confidence in Bitcoin (BTC)

February 24, 2021 by Anthonia Isichei at Bitcoin

U.S. payment processing company Square has made another bitcoin buy, investing $170 million in the biggest crypto by market capitalization. Meanwhile, bitcoin’s recent price dump does not seem to scare away institutional investors. Square’s Bitcoin Purchase Represents 5% of Liquid Assets Square made the announcement in its recent bitcoin investment...

MicroStrategy Raises $1.05 Billion to Boost Bitcoin Offering

February 20, 2021 by Wayne Jones at Bitcoin

MicroStrategy Inc. boosted its convertible debt sale to purchase Bitcoin by nearly half and cut the coupon to 0%, making it virtually a straight bet on the price of Bitcoin. Microstrategy's Keen Investment in Bitcoin The company already has nearly 72,000 bitcoins as of February 2. Based on the price...

Jack and JAY-Z are giving 500 BTC to fund Bitcoin development

Jack Dorsey and Jay-Z Set Up Btrust Focused on India and Africa

February 12, 2021 by Wayne Jones at Bitcoin

Twitter CEO Jack Dorsey announced he would be giving a blind Bitcoin (BTC) development trust worth 500 BTC ($23.7 million) with Jay Z for teams working on the project in India and Africa. Btrust, the project's name, will have no binding direction from them. https://twitter.com/jack/status/1360114881978982403 Btrust Aims to Promote Bitcoin...

a lawmaker tears apart finCEN crypto laws draft

Coinbase, Square, and Andreessen Horowitz Slam FinCEN’s Proposed Crypto Laws

January 5, 2021 by Evan Ezquer at Regulation

Major U.S crypto companies Coinbase, Square, and Andreessen Horowitz have joined hands to fight the new AML regulations introduced by FinCEN, arguing that these restrictions could push users away from standardized platforms and choke innovation. FinCEN Midnight Crypto Rulemaking FinCEN, which works under Steven Mnuchin's Department of the Treasury, proposed a...

Cryptocurrency Investors Believe Bitcoin is a World-Changing Technology

Another NASDAQ-Listed Firm to Invest $100 Million in Bitcoin

December 30, 2020 by Dalmas Ngetich at Bitcoin

Kuala Lumpur-headquartered and NASDAQ-listed Greenpro Capital plans to acquire Bitcoin through its subsidiary, CryptoSX, a press release on Dec 28 reveals. Greenpro Capital Believes in the Mass Adoption of Bitcoin In a statement, the company said it believes in the ongoing mass adoption of Bitcoin by banks, hedge funds, and...

Over 50 Percent of Square Merchants Ready to Accept Bitcoin, Survey Shows

Square’s Cash App Reports Over 80% Revenue from Bitcoin (BTC) for Q3 2020

November 6, 2020 by Aisshwarya Tiwari at Bitcoin

Square’s Cash App’s revenue from bitcoin continues to rise exponentially as FOMO sets in amid increasing BTC price. Bitcoin is the King According to Square’s third-quarter report, Cash App’s revenue generated in the form of bitcoin skyrocketed over $1.63 billion. The steep uptick in bitcoin revenue is an increase of...

JPMorgan Analysts Confident of More Companies Enabling Square-Like Bitcoin Purchase Feature

October 14, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

More companies are expected to join the bitcoin (BTC) bandwagon. JPMorgan Bullish on Bitcoin Banking titan JPMorgan expects more companies to follow Square’s Cash App by introducing support for payments in the premier cryptocurrency. Several analysts at JPMorgan are hopeful that numerous payment companies will enable their clients to buy...

600,000 BTC worth $6.75 Billion Held by Public Companies

October 12, 2020 by Dalmas Ngetich at Bitcoin

Public companies like MicroStrategy, Square, Grayscale Investment, and others, have in their treasury a total of over 600,000 BTC, worth more than $6.75 billion, as of Oct 12. MicroStrategy, Square Investing in Bitcoin as a Shield Against Inflation Coincidentally, this at a time when the Bitcoin price continues find support. Last...

Jack Dorsey’s Square Announces $50M Bitcoin Purchase

October 8, 2020 by Anthonia Isichei at Bitcoin

U.S. Payment company Square is now the latest publicly-listed firm to invest directly in Bitcoin following MicroStrategy’s $425 million Bitcoin acquisition back in September. Square Pumps $50 Million in Bitcoin Square announced the news of the Bitcoin acquisition via a tweet published on Thursday (October 8, 2020). According to the...

Square Cash App Introduces Automatic Recurring Bitcoin Buys

May 19, 2020 by Anthonia Isichei at Bitcoin

Square’s Cash App recently added a new feature that will enable automatic recurring Bitcoin purchases on its platform. Also, users can now change their display to satoshi on the Cash App platform. Stacking Sats Frequently on Cash App The CEO of Twitter and payments platform Square, Jack Dorsey, announced the...

Square Enables Deposit of COVID-19 Stimulus Payment via Bitcoin-Friendly Cash App

April 13, 2020 by Anthonia Isichei at Bitcoin

Square, a mobile payments platform, recently announced the addition of a new feature that would enable users to deposit their COVID-19 stimulus payment to its bitcoin-friendly Cash App. Square's Cash App Now Allows COVID-19 Stimulus Package Deposits According to a blog post, Square’s Cash App announced that users eligible for...

Bitcoin-Friendly Square Obtains Conditional FDIC Merchant Lending License

March 19, 2020 by Osato Avan-Nomayo at Regulation

The U.S. Federal Deposit Insurance Corporation (FDIC) has granted conditional approval for Square to function as an Industrial Loan Company (ILC). FDIC Grants Square’s Deposit Insurance Application According to a press release issued on Wednesday (March 18, 2020), the FDIC Board approved Square’s deposit insurance application to create a “de...

Twitter’s Loss Could Be Bitcoin and Square’s Gain

March 6, 2020 by Ashwath Balakrishnan at Bitcoin

Jack Dorsey, CEO of Square and Twitter, is in the midst of a battle with Elliot Management after the activist hedge fund secured a four percent stake in the company in a bid to make some changes. Paul Singer, the founder of Elliot Management, believes Dorsey is holding Twitter back...

Square Sold $517 Million Worth of Bitcoin Via Its Cash App in 2019

February 27, 2020 by Osato Avan-Nomayo at Bitcoin

Details from Square’s recent shareholder letter show that the company sold $517 million worth of Bitcoin in 2019 with sales of the top cryptocurrency accounting for about half of its revenue in Q4 of last year. Bitcoin Accounts for Half of Square’s Q4 2019 Revenue According to the company’s statement...

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