Square purchases another $170 million of Bitcoin after another huge quarter of Crypto Revenue

Overshadowing the company’s fourth-quarter financial report on Tuesday (23rd February) was Square’s subsidiary, Cash App and its incredible year on year growth of Bitcoin revenue. The figures came alongside an announcement of another purchase of an additional $170 million on top of it’s $50 million investment in October (currently worth $224 million). With a total of $4.4 billion in total…

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World’s largest Asset Manager BlackRock readies for Bitcoin exposure.

The trillion-dollar asset management behemoth Blackrock has given the green light for two of its funds to invest in Bitcoin futures. Latest filings with SEC reveal that both the BlackRock Global Allocation Fund Inc. and BlackRock Funds V could be gearing up to trade Bitcoin (BTC) derivatives. According to the filings, the funds will invest only in cash-settled Bitcoin futures…

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