Square Puts 1% of Total Assets in Bitcoin in Surprise $50M Investment
“We think that bitcoin has the prospective to be a more common currency in the future,” stated Square CFO Amrita Ahuja. “For a business that is developing items based on a more inclusive future, this financial investment is an action on that journey. “Bitcoin(aka’ crypto ‘)is direct advocacy versus an exclusionary and unverifiable monetary system which adversely impacts so much of our society,”Dorsey tweeted in reaction to Armstrong’s blog site post.
