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Square CFO says 1 million users of its Cash App service bought bitcoin for the first time in January
1 month ago - By Business Insider
Summary List Placement Square CFO Amrita Ahuja said one million users bought bitcoin for the first time last month through Cash App, its mobile payment service that allows users to invest in the cryptocurrency.
"We had 3 million people transact in bitcoin through Cash App in 2020 and one million who were new to bitcoin in January," Ahuja told CNBC on Wednesday .
The CFO's comment comes a day after the payments firm announced that it i ncr eased its bitcoin investment, purchasing 3,318 bitcoins at an aggregate purchase price of $170 million. Including its October 2020 purchase of 4,709...
Read more ...Square CFO says 1 million users of its Cash App service bought bitcoin for the first time in January
1 month ago - By Business Insider
Bitcoin's total market capitalization is approaching $1 trillion
SOPA Images/Getty Images
Square CFO Amrita Ahuja told CNBC Wednesday one million users bought bitcoin for the first time last month through Cash App.
The executive's comment come a day after Square announced that it increased its bitcoin investment by $170 million.
Square's 8,027 bitcoins are valued at around $400 million based on Wednesday's price.
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Square CFO Amrita Ahuja said one million users bought bitcoin for the first time last month through Cash...
Read more ...Square saw 1 million users buy bitcoin for first time during January's upswing, CFO says
1 month ago - By CNBC
The spike in interest last month among the payment platform's users coincided with bitcoin's continued rally.
Read more ...
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