• 124
  • 33
  • Favorite

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...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment33

  • vivo8787
    ·2021-05-18
    ?
    Reply
    Report
  • AJ1977
    ·2021-05-17
    It’s time for Us market to fly 
    Reply
    Report
  • FookChia
    ·2021-05-16
    ??
    Reply
    Report
  • 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
    Report
    Fold Replies
    • 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
    Report
    Fold Replies
    • 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
    Report
  • Fatboy79
    ·2021-05-16
    Idolized Elon and follow his steps?
    Reply
    Report
    Fold Replies
    • 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 ?
    Reply
    Report
  • Monstertoto
    ·2021-05-16
    Why 
    Reply
    Report
  • Ccl2
    ·2021-05-16
    Like n comment
    Reply
    Report
    Fold Replies
    • TeslaLegend
      Done
      2021-05-16
      Reply
      Report
    • weiyun
      Done
      2021-05-16
      Reply
      Report
  • Dsd
    ·2021-05-16
    Say no to crypto
    Reply
    Report
    Fold Replies
    • Tatsuya
      yes
      2021-05-16
      Reply
      Report
    • Dsd
      ...
      2021-05-16
      Reply
      Report
  • Twk168
    ·2021-05-16
    Patience
    Reply
    Report
  • 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. 
    Reply
    Report
  • 陈河马
    ·2021-05-16
    Serve them right!!!
    Reply
    Report
  • starry123
    ·2021-05-16
    Haha
    Reply
    Report
  • ohsinchan
    ·2021-05-16
    ??
    Reply
    Report
  • Vincewjs
    ·2021-05-16
    Theoretically speaking they should DCA into Bitcoin. But I guess the FV loss shook up their confidence rofl. 
    Reply
    Report
    Fold Replies
    • Ola5528
      Microstrategy has been steadily accumulating bitcoin - higher conviction play
      2021-05-16
      Reply
      Report
  • T2C
    ·2021-05-16
    No
    Reply
    Report
    Fold Replies
  • 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
    Reply
    Report
    Fold Replies
    • 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
      Report
  • MOUNTAINS
    ·2021-05-16
    Ok
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial