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
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3
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- Sim1:
  Done. Pls lIke & Comment
  2021-05-16
  Reply
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Veldora
·2021-05-16
Bitcoin is not a currency but a future value. [Warning]
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2
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Fatboy79
·2021-05-16
Idolized Elon and follow his steps?
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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
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2
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Ccl2
·2021-05-16
Like n comment
Reply
2
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- TeslaLegend:
  Done
  2021-05-16
  Reply
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- weiyun:
  Done
  2021-05-16
  Reply
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Dsd
·2021-05-16
Say no to crypto
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1
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- Tatsuya:
  yes
  2021-05-16
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- Dsd:
  ...
  2021-05-16
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Twk168
·2021-05-16
Patience
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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
??
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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.
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4
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- Ola5528:
  Microstrategy has been steadily accumulating bitcoin - higher conviction play
  2021-05-16
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T2C
·2021-05-16
No
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3
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- vivo8787:
  ?
  2021-05-18
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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
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MOUNTAINS
·2021-05-16
Ok
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1
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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. 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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":4,"crmLevelSwitch":0},"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,"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},"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,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4347091,"gmtCreate":1621200162832,"gmtModify":1680789135768,"authorId":3576260758860416,"author":{"id":3576260758860416,"authorId":3576260758860416,"name":"andrew123","avatar":"https://community-static.tradeup.com/news/f3e049e64de259e717c6e652c0aca653","vip":1,"crmLevel":4,"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":3,"crmLevelSwitch":1},"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,"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},"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,"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},"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,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4343605,"gmtCreate":1621145668816,"gmtModify":1680789080765,"authorId":3572489627147183,"author":{"id":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 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speaking they should DCA into Bitcoin. 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