Square’s Cash App Q2 Bitcoin Revenue Rose 200%, Takes $45M Bitcoin Impairment Loss

Cash App's bitcoin gross profit rose to $55 million, Square said in its second-quarter letter to shareholders.

News  ·  1 August 2021

Square to Build Bitcoin Hardware Wallet

“We’re doing it,” tweeted Jack Dorsey, the fintech’s CEO.

News  ·  8 July 2021

Square Completes $100M Investment in Underserved Communities

Of the remaining $25 million, $5 million was distributed to create The Bitcoin Endowment.

News  ·  9 June 2021
Bitcoin Mining

Square to Invest $5M to Build Solar-Powered Bitcoin Mining Facility With Blockstream

The announcement comes as the environmental impact of mining for the world's largest cryptocurrency has come under intense scrutiny.

News  ·  6 June 2021

Jack Dorsey Says Square Is Considering Developing a Bitcoin Hardware Wallet

“If we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the community,” Dorsey said in the Twitter thread.

News  ·  4 June 2021

Bitcoin Proxy Stocks Tumble as BTC Tanks

Crash in the leading cryptocurrency hitting related companies.

Markets  ·  19 May 2021

Square Bitcoin Revenue Grows 11x Year Over Year

Square's Cash App generated $3.51 billion of bitcoin revenue in the first quarter of 2021, according to a shareholder letter published Thursday.

Business  ·  6 May 2021

Square Adds Bitcoin Policy Lead From US Chamber of Commerce

Julie Stitzel was at the U.S. Chamber of Commerce's Center for Capital Markets Competitiveness prior to joining Square.

News  ·  27 April 2021

Ex-CIA Director Says Criminals Will Move Away From Bitcoin in New Lobbying Group’s First Report

The new Crypto Council for Innovation hopes to inform and influence regulatory efforts worldwide.

News  ·  13 April 2021

Square CFO Says There’s ‘Absolutely a Case’ for All Balance Sheets to Have Bitcoin

Ahuja said her company sees bitcoin and cryptocurrency as "expanding access to financial services" particularly on a global scale.

News  ·  29 March 2021

Bitcoin on the Balance Sheet? Corporate Buying Might Become a Global Trend

According to Arcane, the new corporate buyers appear intent on keeping the cryptocurrencies for the long term "and see further upside potential in bitcoin."

Markets  ·  10 March 2021
Goldman Sachs

Bank Analysts Clash on Square Price Targets After Q4 Results

Analysts with Royal Bank of Canada and Goldman Sachs gave divergent estimates for the bitcoin-friendly payments firm.

News  ·  24 February 2021

Square Cash App Bitcoin Revenues Swell 785% in 2020

The $4.57 billion in bitcoin revenue translated to $97 million in profit.

Business  ·  23 February 2021

Square Buys Another $170M in Bitcoin

Ahead of its fourth-quarter earnings call Tuesday the payments firm announced it had purchased an additional 3,318 BTC as a reserve asset.

Business  ·  23 February 2021