Square goes even bigger on Bitcoin with new $ 170 million investment

Square goes even bigger on Bitcoin with new $ 170 million investment

Square has just made another colossal bitcoin investment, more than tripling its latest cryptocurrency investment with a $ 170 million token purchase. The digital payments company, led by a vocal advocate of bitcoin and Twitter CEO Jack Dorsey unveiled the investment in his quarterly results report Tuesday.

The company bought around 3,318 bitcoins at an average price of $ 51,236, demonstrating remarkable confidence in bitcoin as it hits record highs and sparks renewed skepticism about its stability.

“In keeping with the company’s goal, Square believes that cryptocurrency is an instrument of economic empowerment, providing a means for individuals to…

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