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Google, Square: Continue to Show Crypto Interest
Square and Google are seeing the value in Bitcoin and crypto. This interest is an extension of a growing trend.
The once touted phrase: “Blockchain, Not Bitcoin” — has become less of a prevalent talking point. A phrase that was once used to discredit Bitcoin (and crypto as a whole), seems like a misguided notion, as corporate interest in the nascent crypto industry has increased. This past week, Google and Square, continued to show that Bitcoin and crypto should be embraced, rather than ignored.
Square Buys Bitcoin
On Thursday (10/8/20), Square revealed that it bought 4,709 bitcoins, totaling $50 million. This purchase represented 1% of Square’s total assets. This isn’t necessarily a shocking development, seeing that Square’s CEO (Jack Dorsey) is an avid supporter of Bitcoin. Dorsey, who is also the CEO of Twitter, only cites “#bitcoin” in his Twitter bio.
Square’s move comes after MicroStrategy announced that it purchased $425 million worth of Bitcoin. MicroStrategy’s quantity is much greater than Square’s acquisition, and also represents half…
