Square holds 8,027 bitcoins, worth more than $400 million.
Square CFO Amrita Ahuja said in an interview with CNBC Wednesday that bitcoin is aligned with the company's purpose of "economic empowerment."
Square's purchase of an additional $170 million of bitcoin and bullish remarks from Cathie Wood helped the digital asset recover on Wednesday.
Deutsche Bank analysts led by Brian Keane believe another round of government stimulus will boost Cash Apps' performance in 2021.
"They're on the right side of change when it comes to innovation," Wood said about Tesla and Square during a Wednesday CNBC interview.
Tesla has paved the way for more corporations to head down the path to owning and accepting bitcoin, according to Wedbush. The firm says current bitcoin mania is not a “fad,” but the start of a new era of digital currency. PayPal, Square, Mastercard, and Visa could benefit from the […]
Shares of PayPal, Square, Mastercard, and Visa could benefit as more institutions adopt cryptocurrencies, Wedbush said.