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Twitter's Jack Dorsey reveals how and why Square invested $50 million into a block of nearly 5,000 bitcoins | Currency News | Financial and Business News | Markets Insider

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Twitter's Jack Dorsey reveals how and why Square invested $50 million into a block of nearly 5,000 bitcoins

more accessible and useful to millions of people through Square's Cash App.

Square said it"invested heavily" in a cryptocurrency infrastructure, or cold storage, to protect customer funds from potential hackers.

 

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Square buys $50 million in bitcoin, says cryptocurrency 'aligns with company's purpose'Square said Thursday it bought 4,709 bitcoins, worth approximately $50 million. Oh, Square is now a currency speculator. Good to know, I thought I was investing in a consumer facing financial tech provider. 'We're bullish on imaginary internet currency.'
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