Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss

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Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss

MarketWatch2021-05-14

Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter. Square(ticker...

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Comment（33）

vivo8787
·2021-05-18
?
Reply
1
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AJ1977
·2021-05-17
It’s time for Us market to fly
Reply
2
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FookChia
·2021-05-16
??
Reply
1
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Chimmy
·2021-05-16
cos crypto is nice to hold some in your portfolio but it is rather volatileLong run will increase as it becomes more and more mainstream
Reply
5
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- andrew123:
  short term volatile n looks like bull run for crypto is over eso now
  2021-05-17
  Reply
  Report
OO_898
·2021-05-16
Like
Reply
3
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- Sim1:
  Done. Pls lIke & Comment
  2021-05-16
  Reply
  Report
Veldora
·2021-05-16
Bitcoin is not a currency but a future value. [Warning]
Reply
2
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Fatboy79
·2021-05-16
Idolized Elon and follow his steps?
Reply
1
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- andrew123:
  can u trust a person say one thing n do another n take everyone for a ride? can u trust car manufacture by telsa?
  2021-05-17
  Reply
  Report
TeslaLegend
·2021-05-16
I’m buying the dip ?
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Monstertoto
·2021-05-16
Why
Reply
2
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Ccl2
·2021-05-16
Like n comment
Reply
2
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- TeslaLegend:
  Done
  2021-05-16
  Reply
  Report
- weiyun:
  Done
  2021-05-16
  Reply
  Report
Dsd
·2021-05-16
Say no to crypto
Reply
1
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- Tatsuya:
  yes
  2021-05-16
  Reply
  Report
- Dsd:
  ...
  2021-05-16
  Reply
  Report
Twk168
·2021-05-16
Patience
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HH浩
·2021-05-16
Still remember that 2 weeks ago when Square announced that their profit is boosted by their holding in bitcoin and 2 weeks after onpaper loss of 20 mil. This kind of volatility makes bitcoin not an ideal substitute to legal tender.
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陈河马
·2021-05-16
Serve them right!!!
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starry123
·2021-05-16
Haha
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ohsinchan
·2021-05-16
??
Reply
1
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Vincewjs
·2021-05-16
Theoretically speaking they should DCA into Bitcoin. But I guess the FV loss shook up their confidence rofl.
Reply
4
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- Ola5528:
  Microstrategy has been steadily accumulating bitcoin - higher conviction play
  2021-05-16
  Reply
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T2C
·2021-05-16
No
Reply
3
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- vivo8787:
  ?
  2021-05-18
  Reply
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andrew123
·2021-05-16
If everyone stop buy n sell price drop. If u continue to buy, price will go up n u will make profit. Good example AMC , GME
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- bzlim:
  Yes, that's how stock works. But for you to make profit you got to sell it eventually. And a stock with poor fundamentals will still drop in the end.
  2021-05-16
  Reply
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MOUNTAINS
·2021-05-16
Ok
Reply
1
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href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SQ","symbol_name":"Block","start_time":0,"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","article_id":"1184824690","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1184824690","pubTimestamp":1620997733,"sourceInfo":{"source_id":"market_watch","name":"华尔街大事件"},"weMediaInfo":null,"summary":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SQ":"Block"},"translate_title":"亏损2000万美元后，Square,Inc“没有计划”购买更多比特币","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SQ":0.9},"content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184824690","content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.\nHowever, she added that there are still “lots of other opportunities for [Square] to learn with Bitcoin.”\nIn Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.\nAhuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.\nAhuja’s comments came in the wake ofTeslachief executive Elon Musk’s  decision to stop accepting purchases made with Bitcoin, citing its sizable environmental impact.\nThe move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.\n“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”\nSquare had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.\nIt also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.\n“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”\nSquare’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.\nSquare reported $3.5 billion in Bitcoin revenue, 11 times what it made the previous year.\nHowever, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":192663985,"gmtCreate":1621207070647,"gmtModify":1704353787797,"author":{"id":"3574411684600657","authorId":"3574411684600657","name":"AJ1977","avatar":"https://static.tigerbbs.com/aa526fc2ee7ebbfedc30edc637c7981f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574411684600657","authorIdStr":"3574411684600657"},"htmlText":"It’s time for Us market to fly&nbsp;","listText":"It’s time for Us market to fly&nbsp;","text":"It’s time for Us market to fly","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192663985","repostId":1184824690,"repostType":4,"repost":{"id":"1184824690","kind":"news","pubTimestamp":1620997733,"share":"https://ttm.financial/m/news/1184824690?lang=&edition=fundamental","pubTime":"2021-05-14 21:08","market":"us","language":"en","title":"Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1184824690","media":"MarketWatch","summary":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after","content":"<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.</p>\n<p>Square(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.</p>\n<p>“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told&nbsp;<i>Financial News</i>&nbsp;in an interview.</p>\n<p>“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.</p>\n<p>However, she added that there are still&nbsp;“lots of other opportunities for&nbsp;[Square] to learn with Bitcoin.”</p>\n<p>In Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.</p>\n<p>Ahuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.</p>\n<p>Ahuja’s comments came in the wake ofTeslachief executive Elon Musk’s &nbsp;decision&nbsp;to&nbsp;stop accepting purchases made with Bitcoin, citing its sizable environmental impact.</p>\n<p>The move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.</p>\n<p>“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”</p>\n<p>Square had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.</p>\n<p>It also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.</p>\n<p>“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”</p>\n<p>Square’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.</p>\n<p>Square reported $3.5 billion in Bitcoin revenue, 11 times&nbsp;what it made the previous year.</p>\n<p>However, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184824690","content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.\nHowever, she added that there are still “lots of other opportunities for [Square] to learn with Bitcoin.”\nIn Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.\nAhuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.\nAhuja’s comments came in the wake ofTeslachief executive Elon Musk’s  decision to stop accepting purchases made with Bitcoin, citing its sizable environmental impact.\nThe move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.\n“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”\nSquare had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.\nIt also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.\n“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”\nSquare’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.\nSquare reported $3.5 billion in Bitcoin revenue, 11 times what it made the previous year.\nHowever, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":192867089,"gmtCreate":1621179307941,"gmtModify":1704353665585,"author":{"id":"3582011605223524","authorId":"3582011605223524","name":"FookChia","avatar":"https://static.tigerbbs.com/c8b4a1f99e8c51a51e93bfd003334327","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"3582011605223524","authorIdStr":"3582011605223524"},"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192867089","repostId":1184824690,"repostType":4,"repost":{"id":"1184824690","kind":"news","pubTimestamp":1620997733,"share":"https://ttm.financial/m/news/1184824690?lang=&edition=fundamental","pubTime":"2021-05-14 21:08","market":"us","language":"en","title":"Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1184824690","media":"MarketWatch","summary":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after","content":"<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.</p>\n<p>Square(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.</p>\n<p>“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told&nbsp;<i>Financial News</i>&nbsp;in an interview.</p>\n<p>“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.</p>\n<p>However, she added that there are still&nbsp;“lots of other opportunities for&nbsp;[Square] to learn with Bitcoin.”</p>\n<p>In Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.</p>\n<p>Ahuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.</p>\n<p>Ahuja’s comments came in the wake ofTeslachief executive Elon Musk’s &nbsp;decision&nbsp;to&nbsp;stop accepting purchases made with Bitcoin, citing its sizable environmental impact.</p>\n<p>The move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.</p>\n<p>“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”</p>\n<p>Square had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.</p>\n<p>It also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.</p>\n<p>“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”</p>\n<p>Square’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.</p>\n<p>Square reported $3.5 billion in Bitcoin revenue, 11 times&nbsp;what it made the previous year.</p>\n<p>However, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184824690","content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.\nHowever, she added that there are still “lots of other opportunities for [Square] to learn with Bitcoin.”\nIn Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.\nAhuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.\nAhuja’s comments came in the wake ofTeslachief executive Elon Musk’s  decision to stop accepting purchases made with Bitcoin, citing its sizable environmental impact.\nThe move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.\n“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”\nSquare had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.\nIt also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.\n“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”\nSquare’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.\nSquare reported $3.5 billion in Bitcoin revenue, 11 times what it made the previous year.\nHowever, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":192892189,"gmtCreate":1621173209841,"gmtModify":1704353609205,"author":{"id":"3565004892423880","authorId":"3565004892423880","name":"Chimmy","avatar":"https://static.tigerbbs.com/eb71d738ca2f4da611b425823ebf3c60","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3565004892423880","authorIdStr":"3565004892423880"},"htmlText":"cos crypto is nice to&nbsp;hold some in your portfolio but it is rather volatileLong run will increase as it becomes more and more mainstream","listText":"cos crypto is nice to&nbsp;hold some in your portfolio but it is rather volatileLong run will increase as it becomes more and more mainstream","text":"cos crypto is nice to hold some in your portfolio but it is rather volatileLong run will increase as it becomes more and more mainstream","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/192892189","repostId":1184824690,"repostType":4,"repost":{"id":"1184824690","kind":"news","pubTimestamp":1620997733,"share":"https://ttm.financial/m/news/1184824690?lang=&edition=fundamental","pubTime":"2021-05-14 21:08","market":"us","language":"en","title":"Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1184824690","media":"MarketWatch","summary":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after","content":"<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.</p>\n<p>Square(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.</p>\n<p>“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told&nbsp;<i>Financial News</i>&nbsp;in an interview.</p>\n<p>“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.</p>\n<p>However, she added that there are still&nbsp;“lots of other opportunities for&nbsp;[Square] to learn with Bitcoin.”</p>\n<p>In Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.</p>\n<p>Ahuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.</p>\n<p>Ahuja’s comments came in the wake ofTeslachief executive Elon Musk’s &nbsp;decision&nbsp;to&nbsp;stop accepting purchases made with Bitcoin, citing its sizable environmental impact.</p>\n<p>The move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.</p>\n<p>“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”</p>\n<p>Square had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.</p>\n<p>It also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.</p>\n<p>“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”</p>\n<p>Square’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.</p>\n<p>Square reported $3.5 billion in Bitcoin revenue, 11 times&nbsp;what it made the previous year.</p>\n<p>However, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184824690","content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.\nHowever, she added that there are still “lots of other opportunities for [Square] to learn with Bitcoin.”\nIn Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.\nAhuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.\nAhuja’s comments came in the wake ofTeslachief executive Elon Musk’s  decision to stop accepting purchases made with Bitcoin, citing its sizable environmental impact.\nThe move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.\n“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”\nSquare had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.\nIt also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.\n“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”\nSquare’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.\nSquare reported $3.5 billion in Bitcoin revenue, 11 times what it made the previous year.\nHowever, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4347084,"gmtCreate":1621199976522,"gmtModify":1680789135208,"authorId":3576260758860416,"author":{"id":3576260758860416,"idStr":"3576260758860416","authorId":3576260758860416,"name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":192892189,"type":1,"supId":0,"prevId":0,"content":"short term volatile n looks like bull run for crypto is over eso now","text":"short term volatile n looks like bull run for crypto is over eso now","html":"short term volatile n looks like bull run for crypto is over eso now"}],"langContent":"EN"},{"id":192809622,"gmtCreate":1621171191066,"gmtModify":1704353587574,"author":{"id":"3582969710070724","authorId":"3582969710070724","name":"OO_898","avatar":"https://static.tigerbbs.com/9fb3c360d5d7711641a868a144192fc7","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3582969710070724","authorIdStr":"3582969710070724"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/192809622","repostId":1184824690,"repostType":4,"repost":{"id":"1184824690","kind":"news","pubTimestamp":1620997733,"share":"https://ttm.financial/m/news/1184824690?lang=&edition=fundamental","pubTime":"2021-05-14 21:08","market":"us","language":"en","title":"Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1184824690","media":"MarketWatch","summary":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after","content":"<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.</p>\n<p>Square(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.</p>\n<p>“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told&nbsp;<i>Financial News</i>&nbsp;in an interview.</p>\n<p>“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.</p>\n<p>However, she added that there are still&nbsp;“lots of other opportunities for&nbsp;[Square] to learn with Bitcoin.”</p>\n<p>In Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.</p>\n<p>Ahuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.</p>\n<p>Ahuja’s comments came in the wake ofTeslachief executive Elon Musk’s &nbsp;decision&nbsp;to&nbsp;stop accepting purchases made with Bitcoin, citing its sizable environmental impact.</p>\n<p>The move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.</p>\n<p>“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”</p>\n<p>Square had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.</p>\n<p>It also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.</p>\n<p>“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”</p>\n<p>Square’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.</p>\n<p>Square reported $3.5 billion in Bitcoin revenue, 11 times&nbsp;what it made the previous year.</p>\n<p>However, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184824690","content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.\nHowever, she added that there are still “lots of other opportunities for [Square] to learn with Bitcoin.”\nIn Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.\nAhuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.\nAhuja’s comments came in the wake ofTeslachief executive Elon Musk’s  decision to stop accepting purchases made with Bitcoin, citing its sizable environmental impact.\nThe move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.\n“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”\nSquare had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.\nIt also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.\n“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”\nSquare’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.\nSquare reported $3.5 billion in Bitcoin revenue, 11 times what it made the previous year.\nHowever, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4345969,"gmtCreate":1621172412113,"gmtModify":1680789110740,"authorId":3573709257975993,"author":{"id":3573709257975993,"idStr":"3573709257975993","authorId":3573709257975993,"name":"Sim1","avatar":"https://static.tigerbbs.com/45f90a5e23b6dc713a314a1c2365d6b6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":192809622,"type":1,"supId":0,"prevId":0,"content":"Done. Pls lIke &amp; Comment","text":"Done. Pls lIke &amp; Comment","html":"Done. Pls lIke &amp; Comment"}],"langContent":"EN"},{"id":192321730,"gmtCreate":1621149061520,"gmtModify":1704353405468,"author":{"id":"3580473686930895","authorId":"3580473686930895","name":"Veldora","avatar":"https://static.tigerbbs.com/2c60768e017f3418615cd7dea3a291ec","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":0,"idStr":"3580473686930895","authorIdStr":"3580473686930895"},"htmlText":"Bitcoin is not a currency but a future value. [Warning]&nbsp;","listText":"Bitcoin is not a currency but a future value. [Warning]&nbsp;","text":"Bitcoin is not a currency but a future value. [Warning]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192321730","repostId":1184824690,"repostType":4,"repost":{"id":"1184824690","kind":"news","pubTimestamp":1620997733,"share":"https://ttm.financial/m/news/1184824690?lang=&edition=fundamental","pubTime":"2021-05-14 21:08","market":"us","language":"en","title":"Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1184824690","media":"MarketWatch","summary":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after","content":"<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.</p>\n<p>Square(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.</p>\n<p>“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told&nbsp;<i>Financial News</i>&nbsp;in an interview.</p>\n<p>“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.</p>\n<p>However, she added that there are still&nbsp;“lots of other opportunities for&nbsp;[Square] to learn with Bitcoin.”</p>\n<p>In Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.</p>\n<p>Ahuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.</p>\n<p>Ahuja’s comments came in the wake ofTeslachief executive Elon Musk’s &nbsp;decision&nbsp;to&nbsp;stop accepting purchases made with Bitcoin, citing its sizable environmental impact.</p>\n<p>The move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.</p>\n<p>“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”</p>\n<p>Square had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.</p>\n<p>It also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.</p>\n<p>“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”</p>\n<p>Square’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.</p>\n<p>Square reported $3.5 billion in Bitcoin revenue, 11 times&nbsp;what it made the previous year.</p>\n<p>However, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184824690","content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.\nHowever, she added that there are still “lots of other opportunities for [Square] to learn with Bitcoin.”\nIn Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.\nAhuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.\nAhuja’s comments came in the wake ofTeslachief executive Elon Musk’s  decision to stop accepting purchases made with Bitcoin, citing its sizable environmental impact.\nThe move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.\n“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”\nSquare had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.\nIt also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.\n“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”\nSquare’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.\nSquare reported $3.5 billion in Bitcoin revenue, 11 times what it made the previous year.\nHowever, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":192317142,"gmtCreate":1621145681186,"gmtModify":1704353372928,"author":{"id":"3560390730639874","authorId":"3560390730639874","name":"Fatboy79","avatar":"https://static.tigerbbs.com/f550c98b42b2fd97e2989fbf50af5b9b","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3560390730639874","authorIdStr":"3560390730639874"},"htmlText":"Idolized Elon and follow his steps?","listText":"Idolized Elon and follow his steps?","text":"Idolized Elon and follow his steps?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/192317142","repostId":1184824690,"repostType":4,"repost":{"id":"1184824690","kind":"news","pubTimestamp":1620997733,"share":"https://ttm.financial/m/news/1184824690?lang=&edition=fundamental","pubTime":"2021-05-14 21:08","market":"us","language":"en","title":"Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1184824690","media":"MarketWatch","summary":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after","content":"<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.</p>\n<p>Square(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.</p>\n<p>“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told&nbsp;<i>Financial News</i>&nbsp;in an interview.</p>\n<p>“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.</p>\n<p>However, she added that there are still&nbsp;“lots of other opportunities for&nbsp;[Square] to learn with Bitcoin.”</p>\n<p>In Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.</p>\n<p>Ahuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.</p>\n<p>Ahuja’s comments came in the wake ofTeslachief executive Elon Musk’s &nbsp;decision&nbsp;to&nbsp;stop accepting purchases made with Bitcoin, citing its sizable environmental impact.</p>\n<p>The move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.</p>\n<p>“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”</p>\n<p>Square had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.</p>\n<p>It also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.</p>\n<p>“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”</p>\n<p>Square’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.</p>\n<p>Square reported $3.5 billion in Bitcoin revenue, 11 times&nbsp;what it made the previous year.</p>\n<p>However, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184824690","content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.\nHowever, she added that there are still “lots of other opportunities for [Square] to learn with Bitcoin.”\nIn Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.\nAhuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.\nAhuja’s comments came in the wake ofTeslachief executive Elon Musk’s  decision to stop accepting purchases made with Bitcoin, citing its sizable environmental impact.\nThe move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.\n“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”\nSquare had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.\nIt also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.\n“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”\nSquare’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.\nSquare reported $3.5 billion in Bitcoin revenue, 11 times what it made the previous year.\nHowever, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4347091,"gmtCreate":1621200162832,"gmtModify":1680789135768,"authorId":3576260758860416,"author":{"id":3576260758860416,"idStr":"3576260758860416","authorId":3576260758860416,"name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":192317142,"type":1,"supId":0,"prevId":0,"content":"can u trust a person say one thing n do another n take everyone for a ride? can u trust&nbsp;&nbsp; car manufacture by telsa?","text":"can u trust a person say one thing n do another n take everyone for a ride? can u trust&nbsp;&nbsp; car manufacture by telsa?","html":"can u trust a person say one thing n do another n take everyone for a ride? can u trust&nbsp;&nbsp; car manufacture by telsa?"}],"langContent":"EN"},{"id":192314449,"gmtCreate":1621145655481,"gmtModify":1704353372435,"author":{"id":"3572489627147183","authorId":"3572489627147183","name":"TeslaLegend","avatar":"https://static.tigerbbs.com/180ad6f06095bcbf2b6594d26c494752","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":4,"crmLevelSwitch":1,"idStr":"3572489627147183","authorIdStr":"3572489627147183"},"htmlText":"I’m buying the dip ?","listText":"I’m buying the dip ?","text":"I’m buying the dip ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192314449","repostId":1184824690,"repostType":4,"repost":{"id":"1184824690","kind":"news","pubTimestamp":1620997733,"share":"https://ttm.financial/m/news/1184824690?lang=&edition=fundamental","pubTime":"2021-05-14 21:08","market":"us","language":"en","title":"Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1184824690","media":"MarketWatch","summary":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after","content":"<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.</p>\n<p>Square(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.</p>\n<p>“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told&nbsp;<i>Financial News</i>&nbsp;in an interview.</p>\n<p>“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.</p>\n<p>However, she added that there are still&nbsp;“lots of other opportunities for&nbsp;[Square] to learn with Bitcoin.”</p>\n<p>In Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.</p>\n<p>Ahuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.</p>\n<p>Ahuja’s comments came in the wake ofTeslachief executive Elon Musk’s &nbsp;decision&nbsp;to&nbsp;stop accepting purchases made with Bitcoin, citing its sizable environmental impact.</p>\n<p>The move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.</p>\n<p>“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”</p>\n<p>Square had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.</p>\n<p>It also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.</p>\n<p>“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”</p>\n<p>Square’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.</p>\n<p>Square reported $3.5 billion in Bitcoin revenue, 11 times&nbsp;what it made the previous year.</p>\n<p>However, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184824690","content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.\nHowever, she added that there are still “lots of other opportunities for [Square] to learn with Bitcoin.”\nIn Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.\nAhuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.\nAhuja’s comments came in the wake ofTeslachief executive Elon Musk’s  decision to stop accepting purchases made with Bitcoin, citing its sizable environmental impact.\nThe move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.\n“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”\nSquare had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.\nIt also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.\n“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”\nSquare’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.\nSquare reported $3.5 billion in Bitcoin revenue, 11 times what it made the previous year.\nHowever, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":192311524,"gmtCreate":1621145106568,"gmtModify":1704353365514,"author":{"id":"3572842681963833","authorId":"3572842681963833","name":"Monstertoto","avatar":"https://static.tigerbbs.com/472e8cd2f835826508f9c1c016f846f8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572842681963833","authorIdStr":"3572842681963833"},"htmlText":"Why&nbsp;","listText":"Why&nbsp;","text":"Why","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192311524","repostId":1184824690,"repostType":4,"repost":{"id":"1184824690","kind":"news","pubTimestamp":1620997733,"share":"https://ttm.financial/m/news/1184824690?lang=&edition=fundamental","pubTime":"2021-05-14 21:08","market":"us","language":"en","title":"Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1184824690","media":"MarketWatch","summary":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after","content":"<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.</p>\n<p>Square(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.</p>\n<p>“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told&nbsp;<i>Financial News</i>&nbsp;in an interview.</p>\n<p>“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.</p>\n<p>However, she added that there are still&nbsp;“lots of other opportunities for&nbsp;[Square] to learn with Bitcoin.”</p>\n<p>In Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.</p>\n<p>Ahuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.</p>\n<p>Ahuja’s comments came in the wake ofTeslachief executive Elon Musk’s &nbsp;decision&nbsp;to&nbsp;stop accepting purchases made with Bitcoin, citing its sizable environmental impact.</p>\n<p>The move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.</p>\n<p>“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”</p>\n<p>Square had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.</p>\n<p>It also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.</p>\n<p>“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”</p>\n<p>Square’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.</p>\n<p>Square reported $3.5 billion in Bitcoin revenue, 11 times&nbsp;what it made the previous year.</p>\n<p>However, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184824690","content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.\nHowever, she added that there are still “lots of other opportunities for [Square] to learn with Bitcoin.”\nIn Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.\nAhuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.\nAhuja’s comments came in the wake ofTeslachief executive Elon Musk’s  decision to stop accepting purchases made with Bitcoin, citing its sizable environmental impact.\nThe move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.\n“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”\nSquare had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.\nIt also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.\n“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”\nSquare’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.\nSquare reported $3.5 billion in Bitcoin revenue, 11 times what it made the previous year.\nHowever, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":192302464,"gmtCreate":1621142104358,"gmtModify":1704353328743,"author":{"id":"3581493206135613","authorId":"3581493206135613","name":"Ccl2","avatar":"https://static.tigerbbs.com/d42f34da4e87e15b0fca1740d5c0310a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581493206135613","authorIdStr":"3581493206135613"},"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/192302464","repostId":1184824690,"repostType":4,"repost":{"id":"1184824690","kind":"news","pubTimestamp":1620997733,"share":"https://ttm.financial/m/news/1184824690?lang=&edition=fundamental","pubTime":"2021-05-14 21:08","market":"us","language":"en","title":"Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1184824690","media":"MarketWatch","summary":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after","content":"<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.</p>\n<p>Square(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.</p>\n<p>“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told&nbsp;<i>Financial News</i>&nbsp;in an interview.</p>\n<p>“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.</p>\n<p>However, she added that there are still&nbsp;“lots of other opportunities for&nbsp;[Square] to learn with Bitcoin.”</p>\n<p>In Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.</p>\n<p>Ahuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.</p>\n<p>Ahuja’s comments came in the wake ofTeslachief executive Elon Musk’s &nbsp;decision&nbsp;to&nbsp;stop accepting purchases made with Bitcoin, citing its sizable environmental impact.</p>\n<p>The move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.</p>\n<p>“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”</p>\n<p>Square had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.</p>\n<p>It also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.</p>\n<p>“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”</p>\n<p>Square’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.</p>\n<p>Square reported $3.5 billion in Bitcoin revenue, 11 times&nbsp;what it made the previous year.</p>\n<p>However, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184824690","content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.\nHowever, she added that there are still “lots of other opportunities for [Square] to learn with Bitcoin.”\nIn Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.\nAhuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.\nAhuja’s comments came in the wake ofTeslachief executive Elon Musk’s  decision to stop accepting purchases made with Bitcoin, citing its sizable environmental impact.\nThe move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.\n“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”\nSquare had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.\nIt also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.\n“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”\nSquare’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.\nSquare reported $3.5 billion in Bitcoin revenue, 11 times what it made the previous year.\nHowever, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4343605,"gmtCreate":1621145668816,"gmtModify":1680789080765,"authorId":3572489627147183,"author":{"id":3572489627147183,"idStr":"3572489627147183","authorId":3572489627147183,"name":"TeslaLegend","avatar":"https://static.tigerbbs.com/180ad6f06095bcbf2b6594d26c494752","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.09.28","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":192302464,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"},{"id":4343441,"gmtCreate":1621144449207,"gmtModify":1680789072444,"authorId":3580425558261791,"author":{"id":3580425558261791,"idStr":"3580425558261791","authorId":3580425558261791,"name":"weiyun","avatar":"https://static.tigerbbs.com/477c415682361148f065d9de1aa8c930","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":192302464,"type":1,"supId":0,"prevId":0,"content":"<u>Done</u>","text":"<u>Done</u>","html":"<u>Done</u>"}],"langContent":"EN"},{"id":192309687,"gmtCreate":1621141509249,"gmtModify":1704353322289,"author":{"id":"3581036261146444","authorId":"3581036261146444","name":"Dsd","avatar":"https://static.tigerbbs.com/2a1957746498df0232ae53ac81018443","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581036261146444","authorIdStr":"3581036261146444"},"htmlText":"Say no to crypto","listText":"Say no to crypto","text":"Say no to crypto","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/192309687","repostId":1184824690,"repostType":4,"repost":{"id":"1184824690","kind":"news","pubTimestamp":1620997733,"share":"https://ttm.financial/m/news/1184824690?lang=&edition=fundamental","pubTime":"2021-05-14 21:08","market":"us","language":"en","title":"Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1184824690","media":"MarketWatch","summary":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after","content":"<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.</p>\n<p>Square(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.</p>\n<p>“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told&nbsp;<i>Financial News</i>&nbsp;in an interview.</p>\n<p>“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.</p>\n<p>However, she added that there are still&nbsp;“lots of other opportunities for&nbsp;[Square] to learn with Bitcoin.”</p>\n<p>In Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.</p>\n<p>Ahuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.</p>\n<p>Ahuja’s comments came in the wake ofTeslachief executive Elon Musk’s &nbsp;decision&nbsp;to&nbsp;stop accepting purchases made with Bitcoin, citing its sizable environmental impact.</p>\n<p>The move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.</p>\n<p>“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”</p>\n<p>Square had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.</p>\n<p>It also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.</p>\n<p>“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”</p>\n<p>Square’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.</p>\n<p>Square reported $3.5 billion in Bitcoin revenue, 11 times&nbsp;what it made the previous year.</p>\n<p>However, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184824690","content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.\nHowever, she added that there are still “lots of other opportunities for [Square] to learn with Bitcoin.”\nIn Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.\nAhuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.\nAhuja’s comments came in the wake ofTeslachief executive Elon Musk’s  decision to stop accepting purchases made with Bitcoin, citing its sizable environmental impact.\nThe move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.\n“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”\nSquare had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.\nIt also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.\n“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”\nSquare’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.\nSquare reported $3.5 billion in Bitcoin revenue, 11 times what it made the previous year.\nHowever, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4343077,"gmtCreate":1621141622270,"gmtModify":1680789071435,"authorId":3580746005297647,"author":{"id":3580746005297647,"idStr":"3580746005297647","authorId":3580746005297647,"name":"Tatsuya","avatar":"https://static.tigerbbs.com/9e704bb3e3180783f322dc964a67d550","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.01.30","exceedPercentage":"60.93%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":192309687,"type":1,"supId":0,"prevId":0,"content":"yes","text":"yes","html":"yes"},{"id":4343097,"gmtCreate":1621141764195,"gmtModify":1680789070907,"authorId":3581036261146444,"author":{"id":3581036261146444,"idStr":"3581036261146444","authorId":3581036261146444,"name":"Dsd","avatar":"https://static.tigerbbs.com/2a1957746498df0232ae53ac81018443","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":192309687,"type":1,"supId":4343077,"prevId":0,"content":"...","text":"...","html":"..."}],"langContent":"EN"},{"id":192940853,"gmtCreate":1621139485272,"gmtModify":1704353294580,"author":{"id":"3574303994554398","authorId":"3574303994554398","name":"Twk168","avatar":"https://static.tigerbbs.com/c3e2325801ab5ac7e9461034067214b5","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3574303994554398","authorIdStr":"3574303994554398"},"htmlText":"Patience","listText":"Patience","text":"Patience","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192940853","repostId":1184824690,"repostType":4,"repost":{"id":"1184824690","kind":"news","pubTimestamp":1620997733,"share":"https://ttm.financial/m/news/1184824690?lang=&edition=fundamental","pubTime":"2021-05-14 21:08","market":"us","language":"en","title":"Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1184824690","media":"MarketWatch","summary":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after","content":"<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.</p>\n<p>Square(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.</p>\n<p>“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told&nbsp;<i>Financial News</i>&nbsp;in an interview.</p>\n<p>“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.</p>\n<p>However, she added that there are still&nbsp;“lots of other opportunities for&nbsp;[Square] to learn with Bitcoin.”</p>\n<p>In Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.</p>\n<p>Ahuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.</p>\n<p>Ahuja’s comments came in the wake ofTeslachief executive Elon Musk’s &nbsp;decision&nbsp;to&nbsp;stop accepting purchases made with Bitcoin, citing its sizable environmental impact.</p>\n<p>The move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.</p>\n<p>“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”</p>\n<p>Square had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.</p>\n<p>It also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.</p>\n<p>“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”</p>\n<p>Square’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.</p>\n<p>Square reported $3.5 billion in Bitcoin revenue, 11 times&nbsp;what it made the previous year.</p>\n<p>However, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184824690","content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.\nHowever, she added that there are still “lots of other opportunities for [Square] to learn with Bitcoin.”\nIn Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.\nAhuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.\nAhuja’s comments came in the wake ofTeslachief executive Elon Musk’s  decision to stop accepting purchases made with Bitcoin, citing its sizable environmental impact.\nThe move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.\n“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”\nSquare had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.\nIt also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.\n“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”\nSquare’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.\nSquare reported $3.5 billion in Bitcoin revenue, 11 times what it made the previous year.\nHowever, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":192927217,"gmtCreate":1621138948739,"gmtModify":1704353279339,"author":{"id":"3582015516749888","authorId":"3582015516749888","name":"HH浩","avatar":"https://static.tigerbbs.com/2639351c97027c6f71c4d9729ef216d8","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3582015516749888","authorIdStr":"3582015516749888"},"htmlText":"Still remember that 2 weeks ago when Square announced that their profit is boosted by their holding in bitcoin and 2 weeks after onpaper loss of 20 mil. This kind of volatility makes bitcoin not an ideal substitute to legal tender.&nbsp;","listText":"Still remember that 2 weeks ago when Square announced that their profit is boosted by their holding in bitcoin and 2 weeks after onpaper loss of 20 mil. This kind of volatility makes bitcoin not an ideal substitute to legal tender.&nbsp;","text":"Still remember that 2 weeks ago when Square announced that their profit is boosted by their holding in bitcoin and 2 weeks after onpaper loss of 20 mil. This kind of volatility makes bitcoin not an ideal substitute to legal tender.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192927217","repostId":1184824690,"repostType":4,"repost":{"id":"1184824690","kind":"news","pubTimestamp":1620997733,"share":"https://ttm.financial/m/news/1184824690?lang=&edition=fundamental","pubTime":"2021-05-14 21:08","market":"us","language":"en","title":"Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1184824690","media":"MarketWatch","summary":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after","content":"<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.</p>\n<p>Square(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.</p>\n<p>“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told&nbsp;<i>Financial News</i>&nbsp;in an interview.</p>\n<p>“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.</p>\n<p>However, she added that there are still&nbsp;“lots of other opportunities for&nbsp;[Square] to learn with Bitcoin.”</p>\n<p>In Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.</p>\n<p>Ahuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.</p>\n<p>Ahuja’s comments came in the wake ofTeslachief executive Elon Musk’s &nbsp;decision&nbsp;to&nbsp;stop accepting purchases made with Bitcoin, citing its sizable environmental impact.</p>\n<p>The move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.</p>\n<p>“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”</p>\n<p>Square had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.</p>\n<p>It also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.</p>\n<p>“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”</p>\n<p>Square’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.</p>\n<p>Square reported $3.5 billion in Bitcoin revenue, 11 times&nbsp;what it made the previous year.</p>\n<p>However, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184824690","content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.\nHowever, she added that there are still “lots of other opportunities for [Square] to learn with Bitcoin.”\nIn Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.\nAhuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.\nAhuja’s comments came in the wake ofTeslachief executive Elon Musk’s  decision to stop accepting purchases made with Bitcoin, citing its sizable environmental impact.\nThe move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.\n“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”\nSquare had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.\nIt also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.\n“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”\nSquare’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.\nSquare reported $3.5 billion in Bitcoin revenue, 11 times what it made the previous year.\nHowever, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":192924811,"gmtCreate":1621138856933,"gmtModify":1704353276705,"author":{"id":"3565075628273965","authorId":"3565075628273965","name":"陈河马","avatar":"https://static.tigerbbs.com/9c4a13cbf345abe505d3086b9f8da49a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3565075628273965","authorIdStr":"3565075628273965"},"htmlText":"Serve them right!!!","listText":"Serve them right!!!","text":"Serve them right!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192924811","repostId":1184824690,"repostType":4,"repost":{"id":"1184824690","kind":"news","pubTimestamp":1620997733,"share":"https://ttm.financial/m/news/1184824690?lang=&edition=fundamental","pubTime":"2021-05-14 21:08","market":"us","language":"en","title":"Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1184824690","media":"MarketWatch","summary":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after","content":"<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.</p>\n<p>Square(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.</p>\n<p>“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told&nbsp;<i>Financial News</i>&nbsp;in an interview.</p>\n<p>“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.</p>\n<p>However, she added that there are still&nbsp;“lots of other opportunities for&nbsp;[Square] to learn with Bitcoin.”</p>\n<p>In Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.</p>\n<p>Ahuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.</p>\n<p>Ahuja’s comments came in the wake ofTeslachief executive Elon Musk’s &nbsp;decision&nbsp;to&nbsp;stop accepting purchases made with Bitcoin, citing its sizable environmental impact.</p>\n<p>The move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.</p>\n<p>“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”</p>\n<p>Square had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.</p>\n<p>It also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.</p>\n<p>“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”</p>\n<p>Square’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.</p>\n<p>Square reported $3.5 billion in Bitcoin revenue, 11 times&nbsp;what it made the previous year.</p>\n<p>However, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184824690","content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.\nHowever, she added that there are still “lots of other opportunities for [Square] to learn with Bitcoin.”\nIn Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.\nAhuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.\nAhuja’s comments came in the wake ofTeslachief executive Elon Musk’s  decision to stop accepting purchases made with Bitcoin, citing its sizable environmental impact.\nThe move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.\n“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”\nSquare had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.\nIt also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.\n“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”\nSquare’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.\nSquare reported $3.5 billion in Bitcoin revenue, 11 times what it made the previous year.\nHowever, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":192928229,"gmtCreate":1621138681461,"gmtModify":1704353272283,"author":{"id":"3574823700698255","authorId":"3574823700698255","name":"starry123","avatar":"https://static.tigerbbs.com/87d54ddf9f429d363c691c937e6c97a4","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":5,"crmLevelSwitch":1,"idStr":"3574823700698255","authorIdStr":"3574823700698255"},"htmlText":"Haha","listText":"Haha","text":"Haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192928229","repostId":1184824690,"repostType":4,"repost":{"id":"1184824690","kind":"news","pubTimestamp":1620997733,"share":"https://ttm.financial/m/news/1184824690?lang=&edition=fundamental","pubTime":"2021-05-14 21:08","market":"us","language":"en","title":"Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1184824690","media":"MarketWatch","summary":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after","content":"<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.</p>\n<p>Square(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.</p>\n<p>“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told&nbsp;<i>Financial News</i>&nbsp;in an interview.</p>\n<p>“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.</p>\n<p>However, she added that there are still&nbsp;“lots of other opportunities for&nbsp;[Square] to learn with Bitcoin.”</p>\n<p>In Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.</p>\n<p>Ahuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.</p>\n<p>Ahuja’s comments came in the wake ofTeslachief executive Elon Musk’s &nbsp;decision&nbsp;to&nbsp;stop accepting purchases made with Bitcoin, citing its sizable environmental impact.</p>\n<p>The move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.</p>\n<p>“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”</p>\n<p>Square had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.</p>\n<p>It also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.</p>\n<p>“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”</p>\n<p>Square’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.</p>\n<p>Square reported $3.5 billion in Bitcoin revenue, 11 times&nbsp;what it made the previous year.</p>\n<p>However, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184824690","content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.\nHowever, she added that there are still “lots of other opportunities for [Square] to learn with Bitcoin.”\nIn Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.\nAhuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.\nAhuja’s comments came in the wake ofTeslachief executive Elon Musk’s  decision to stop accepting purchases made with Bitcoin, citing its sizable environmental impact.\nThe move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.\n“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”\nSquare had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.\nIt also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.\n“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”\nSquare’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.\nSquare reported $3.5 billion in Bitcoin revenue, 11 times what it made the previous year.\nHowever, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":192980289,"gmtCreate":1621137090941,"gmtModify":1704353238555,"author":{"id":"3575457472031078","authorId":"3575457472031078","name":"ohsinchan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575457472031078","authorIdStr":"3575457472031078"},"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192980289","repostId":1184824690,"repostType":4,"repost":{"id":"1184824690","kind":"news","pubTimestamp":1620997733,"share":"https://ttm.financial/m/news/1184824690?lang=&edition=fundamental","pubTime":"2021-05-14 21:08","market":"us","language":"en","title":"Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1184824690","media":"MarketWatch","summary":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after","content":"<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.</p>\n<p>Square(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.</p>\n<p>“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told&nbsp;<i>Financial News</i>&nbsp;in an interview.</p>\n<p>“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.</p>\n<p>However, she added that there are still&nbsp;“lots of other opportunities for&nbsp;[Square] to learn with Bitcoin.”</p>\n<p>In Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.</p>\n<p>Ahuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.</p>\n<p>Ahuja’s comments came in the wake ofTeslachief executive Elon Musk’s &nbsp;decision&nbsp;to&nbsp;stop accepting purchases made with Bitcoin, citing its sizable environmental impact.</p>\n<p>The move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.</p>\n<p>“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”</p>\n<p>Square had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.</p>\n<p>It also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.</p>\n<p>“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”</p>\n<p>Square’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.</p>\n<p>Square reported $3.5 billion in Bitcoin revenue, 11 times&nbsp;what it made the previous year.</p>\n<p>However, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184824690","content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.\nHowever, she added that there are still “lots of other opportunities for [Square] to learn with Bitcoin.”\nIn Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.\nAhuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.\nAhuja’s comments came in the wake ofTeslachief executive Elon Musk’s  decision to stop accepting purchases made with Bitcoin, citing its sizable environmental impact.\nThe move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.\n“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”\nSquare had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.\nIt also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.\n“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”\nSquare’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.\nSquare reported $3.5 billion in Bitcoin revenue, 11 times what it made the previous year.\nHowever, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":196751556,"gmtCreate":1621125221675,"gmtModify":1704353015389,"author":{"id":"3580530961144265","authorId":"3580530961144265","name":"Vincewjs","avatar":"https://static.tigerbbs.com/b82f615cebf44420a077b013694f231d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3580530961144265","authorIdStr":"3580530961144265"},"htmlText":"Theoretically speaking they should DCA into Bitcoin. But I guess the FV loss shook up their confidence rofl.&nbsp;","listText":"Theoretically speaking they should DCA into Bitcoin. But I guess the FV loss shook up their confidence rofl.&nbsp;","text":"Theoretically speaking they should DCA into Bitcoin. But I guess the FV loss shook up their confidence rofl.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/196751556","repostId":1184824690,"repostType":4,"repost":{"id":"1184824690","kind":"news","pubTimestamp":1620997733,"share":"https://ttm.financial/m/news/1184824690?lang=&edition=fundamental","pubTime":"2021-05-14 21:08","market":"us","language":"en","title":"Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1184824690","media":"MarketWatch","summary":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after","content":"<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.</p>\n<p>Square(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.</p>\n<p>“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told&nbsp;<i>Financial News</i>&nbsp;in an interview.</p>\n<p>“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.</p>\n<p>However, she added that there are still&nbsp;“lots of other opportunities for&nbsp;[Square] to learn with Bitcoin.”</p>\n<p>In Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.</p>\n<p>Ahuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.</p>\n<p>Ahuja’s comments came in the wake ofTeslachief executive Elon Musk’s &nbsp;decision&nbsp;to&nbsp;stop accepting purchases made with Bitcoin, citing its sizable environmental impact.</p>\n<p>The move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.</p>\n<p>“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”</p>\n<p>Square had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.</p>\n<p>It also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.</p>\n<p>“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”</p>\n<p>Square’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.</p>\n<p>Square reported $3.5 billion in Bitcoin revenue, 11 times&nbsp;what it made the previous year.</p>\n<p>However, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184824690","content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.\nHowever, she added that there are still “lots of other opportunities for [Square] to learn with Bitcoin.”\nIn Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.\nAhuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.\nAhuja’s comments came in the wake ofTeslachief executive Elon Musk’s  decision to stop accepting purchases made with Bitcoin, citing its sizable environmental impact.\nThe move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.\n“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”\nSquare had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.\nIt also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.\n“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”\nSquare’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.\nSquare reported $3.5 billion in Bitcoin revenue, 11 times what it made the previous year.\nHowever, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4343327,"gmtCreate":1621143552232,"gmtModify":1680789069979,"authorId":3573943942927358,"author":{"id":3573943942927358,"idStr":"3573943942927358","authorId":3573943942927358,"name":"Ola5528","avatar":"https://static.tigerbbs.com/80f475dff1b8107d8a24e19220f0038d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":196751556,"type":1,"supId":0,"prevId":0,"content":"Microstrategy has been steadily accumulating bitcoin - higher conviction play ","text":"Microstrategy has been steadily accumulating bitcoin - higher conviction play ","html":"Microstrategy has been steadily accumulating bitcoin - higher conviction play "}],"langContent":"EN"},{"id":196785575,"gmtCreate":1621123251897,"gmtModify":1704352980275,"author":{"id":"3576917742134919","authorId":"3576917742134919","name":"T2C","avatar":"https://static.itradeup.com/news/bc988e20e446d98ea284e01ce997a013","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576917742134919","authorIdStr":"3576917742134919"},"htmlText":"No","listText":"No","text":"No","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/196785575","repostId":1184824690,"repostType":4,"repost":{"id":"1184824690","kind":"news","pubTimestamp":1620997733,"share":"https://ttm.financial/m/news/1184824690?lang=&edition=fundamental","pubTime":"2021-05-14 21:08","market":"us","language":"en","title":"Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1184824690","media":"MarketWatch","summary":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after","content":"<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.</p>\n<p>Square(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.</p>\n<p>“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told&nbsp;<i>Financial News</i>&nbsp;in an interview.</p>\n<p>“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.</p>\n<p>However, she added that there are still&nbsp;“lots of other opportunities for&nbsp;[Square] to learn with Bitcoin.”</p>\n<p>In Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.</p>\n<p>Ahuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.</p>\n<p>Ahuja’s comments came in the wake ofTeslachief executive Elon Musk’s &nbsp;decision&nbsp;to&nbsp;stop accepting purchases made with Bitcoin, citing its sizable environmental impact.</p>\n<p>The move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.</p>\n<p>“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”</p>\n<p>Square had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.</p>\n<p>It also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.</p>\n<p>“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”</p>\n<p>Square’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.</p>\n<p>Square reported $3.5 billion in Bitcoin revenue, 11 times&nbsp;what it made the previous year.</p>\n<p>However, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184824690","content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.\nHowever, she added that there are still “lots of other opportunities for [Square] to learn with Bitcoin.”\nIn Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.\nAhuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.\nAhuja’s comments came in the wake ofTeslachief executive Elon Musk’s  decision to stop accepting purchases made with Bitcoin, citing its sizable environmental impact.\nThe move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.\n“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”\nSquare had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.\nIt also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.\n“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”\nSquare’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.\nSquare reported $3.5 billion in Bitcoin revenue, 11 times what it made the previous year.\nHowever, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4359048,"gmtCreate":1621293321428,"gmtModify":1680789353867,"authorId":3581711485322302,"author":{"id":3581711485322302,"idStr":"3581711485322302","authorId":3581711485322302,"name":"vivo8787","avatar":"https://static.tigerbbs.com/b863ab23ed789e4cdcd83c9777c2cbae","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":196785575,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"},{"id":196710493,"gmtCreate":1621121617512,"gmtModify":1704352958049,"author":{"id":"3576260758860416","authorId":"3576260758860416","name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0,"idStr":"3576260758860416","authorIdStr":"3576260758860416"},"htmlText":"If everyone stop buy n sell price drop. If u continue to buy, price will go up n u will make profit. Good example AMC , GME","listText":"If everyone stop buy n sell price drop. If u continue to buy, price will go up n u will make profit. Good example AMC , GME","text":"If everyone stop buy n sell price drop. If u continue to buy, price will go up n u will make profit. Good example AMC , GME","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/196710493","repostId":1184824690,"repostType":4,"repost":{"id":"1184824690","kind":"news","pubTimestamp":1620997733,"share":"https://ttm.financial/m/news/1184824690?lang=&edition=fundamental","pubTime":"2021-05-14 21:08","market":"us","language":"en","title":"Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1184824690","media":"MarketWatch","summary":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after","content":"<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.</p>\n<p>Square(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.</p>\n<p>“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told&nbsp;<i>Financial News</i>&nbsp;in an interview.</p>\n<p>“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.</p>\n<p>However, she added that there are still&nbsp;“lots of other opportunities for&nbsp;[Square] to learn with Bitcoin.”</p>\n<p>In Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.</p>\n<p>Ahuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.</p>\n<p>Ahuja’s comments came in the wake ofTeslachief executive Elon Musk’s &nbsp;decision&nbsp;to&nbsp;stop accepting purchases made with Bitcoin, citing its sizable environmental impact.</p>\n<p>The move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.</p>\n<p>“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”</p>\n<p>Square had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.</p>\n<p>It also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.</p>\n<p>“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”</p>\n<p>Square’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.</p>\n<p>Square reported $3.5 billion in Bitcoin revenue, 11 times&nbsp;what it made the previous year.</p>\n<p>However, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184824690","content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.\nHowever, she added that there are still “lots of other opportunities for [Square] to learn with Bitcoin.”\nIn Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.\nAhuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.\nAhuja’s comments came in the wake ofTeslachief executive Elon Musk’s  decision to stop accepting purchases made with Bitcoin, citing its sizable environmental impact.\nThe move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.\n“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”\nSquare had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.\nIt also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.\n“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”\nSquare’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.\nSquare reported $3.5 billion in Bitcoin revenue, 11 times what it made the previous year.\nHowever, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4344585,"gmtCreate":1621155635883,"gmtModify":1680789096368,"authorId":3572436349218639,"author":{"id":3572436349218639,"idStr":"3572436349218639","authorId":3572436349218639,"name":"bzlim","avatar":"https://static.tigerbbs.com/3b2aafaf14823285f7393917b6ff4f54","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":196710493,"type":1,"supId":0,"prevId":0,"content":"Yes, that's how stock works. But for you to make profit you got to sell it eventually. And a stock with poor fundamentals will still drop in the end.","text":"Yes, that's how stock works. But for you to make profit you got to sell it eventually. And a stock with poor fundamentals will still drop in the end.","html":"Yes, that's how stock works. But for you to make profit you got to sell it eventually. And a stock with poor fundamentals will still drop in the end."}],"langContent":"EN"},{"id":196478587,"gmtCreate":1621113516749,"gmtModify":1704352908429,"author":{"id":"3572706233880336","authorId":"3572706233880336","name":"MOUNTAINS","avatar":"https://static.tigerbbs.com/1a8893d9b4e75d6d905c1675c89231af","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572706233880336","authorIdStr":"3572706233880336"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/196478587","repostId":1184824690,"repostType":4,"repost":{"id":"1184824690","kind":"news","pubTimestamp":1620997733,"share":"https://ttm.financial/m/news/1184824690?lang=&edition=fundamental","pubTime":"2021-05-14 21:08","market":"us","language":"en","title":"Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1184824690","media":"MarketWatch","summary":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after","content":"<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.</p>\n<p>Square(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.</p>\n<p>“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told&nbsp;<i>Financial News</i>&nbsp;in an interview.</p>\n<p>“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.</p>\n<p>However, she added that there are still&nbsp;“lots of other opportunities for&nbsp;[Square] to learn with Bitcoin.”</p>\n<p>In Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.</p>\n<p>Ahuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.</p>\n<p>Ahuja’s comments came in the wake ofTeslachief executive Elon Musk’s &nbsp;decision&nbsp;to&nbsp;stop accepting purchases made with Bitcoin, citing its sizable environmental impact.</p>\n<p>The move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.</p>\n<p>“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”</p>\n<p>Square had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.</p>\n<p>It also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.</p>\n<p>“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”</p>\n<p>Square’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.</p>\n<p>Square reported $3.5 billion in Bitcoin revenue, 11 times&nbsp;what it made the previous year.</p>\n<p>However, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Has ‘No Plans’ to Buy More Bitcoin After $20 Million Loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker...</p>\n\n<a href=\"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://www.marketwatch.com/articles/square-bitcoin-51620997374?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184824690","content_text":"Payments fintech Square said it has no plans to buy more Bitcoin for its corporate treasuries, after losing $20 million on its $220 million investment in the cryptocurrency last quarter.\nSquare(ticker: SQ), which is led byTwitterchief executive Jack Dorsey and runs the payment app Cash App, became one of Bitcoin’s most prominent supporters last year after buying $50 million for its portfolio in October and an additional $170 million in February.\n“We don’t have any plans at this point to make further purchases,” Square’s chief financial officer Amrita Ahuja told Financial News in an interview.\n“There’s no plans at this point to re-evaluate where we are from a treasury standpoint,” she said.\nHowever, she added that there are still “lots of other opportunities for [Square] to learn with Bitcoin.”\nIn Square’s most recent quarterly earnings, published on May 6, the company said it had lost $20 million on its Bitcoin investment despite its fair value rising to $472 million based on market prices.\nAhuja said the purchase of Bitcoin on its corporate treasuries amounted to about 5% of its cash on hand.\nAhuja’s comments came in the wake ofTeslachief executive Elon Musk’s  decision to stop accepting purchases made with Bitcoin, citing its sizable environmental impact.\nThe move caused Bitcoin’s price to tumble as much as 14%, taking it below the key $50,000 threshold, though it later stabilized around that mark.\n“We’re always evaluating and as ever, I think we’d be customer-led,” Ahuja said. “As we see the evolution of the Bitcoin product or crypto products in general, I think we’ll make further assessments at that point.”\nSquare had recently published a joint report with Bitcoin advocate and fund manager ARK Invest, in which it argued Bitcoin could be key to solving the clean energy problem.\nIt also launched a $10 million initiative in December to invest in companies that promote using clean energy for Bitcoin’s supply chain.\n“Our position has always been that this is an area that needs innovation in terms of renewables and clean energy, and we want to be a part of that,” Ahuja said. “There’s a broader supply chain question around how renewables and clean energy become a greater part of the blockchain in general, and a greater part of the overall mining and transaction network…It’s the overall fixed footprint of the network that we need to address.”\nSquare’s first quarter revenue rose 266% year over year in March to $5.06 billion, thanks to a major boost in Bitcoin revenue from Cash App, which offers trading in the cryptocurrency to consumers.\nSquare reported $3.5 billion in Bitcoin revenue, 11 times what it made the previous year.\nHowever, Square only makes a small margin on each Bitcoin transaction, which can also prove volatile. The firm’s Bitcoin gross profit was only $75 million, or approximately 2% of revenues from the cryptocurrency.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":124,"commentSize":33,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}