Square Allocates $5 Million To Bitcoin Endowment, Selects Black Bitcoin Billi...
Bitcoin-forward financial services company Square has allocated $5 million to its Bitcoin Endowment, selects Black Bitcoin Billionaire.Correction: When first published, this story inaccurately indicated that Black Bitcoin Billionaire would receive all $5 million of the Bitcoin Endowment. A source from Square confirmed that Black Bitcoin Billionaire would receive 1 BTC from the endowment.Financial services company Square has allocated $5 million in BTC to its Bitcoin Endowment program and has selected educational program Black Bitcoin Billionaire as the first-ever recipient for a....
Related News
The Twitter CEO and hip-hop mogul are fueling the endowment, called ₿trust, with 500 BTC and it’s currently seeking three board members. The post Jack Dorsey, Jay-Z Launch Bitcoin Development Endowment appeared first on Bitcoin Magazine.
The U.K.-based investment company informed shareholders that it has allocated 2.5 percent of its portfolio ($740 million) to bitcoin. The post Ruffer Investment Co. Allocates 2.7 Percent Of Portfolio ($740 Million) To Bitcoin appeared first on Bitcoin Magazine.
The U.K.-based investment company informed shareholders that it has allocated 2.5 percent of its portfolio ($15 million) to bitcoin. The post Ruffer Investment Co. Allocates 2.5 Percent Portfolio ($15 Million) To Bitcoin appeared first on Bitcoin Magazine.
Last week, Square made mainstream headlines when it was revealed that the firm had bought Bitcoin — $50 million worth of the cryptocurrency. Square is a financial technology giant valued at around $80 billion, though the $50 million was only approximately 1% of its assets. Square wasn’t the first company to do so. The month […]
Square Inc. has put 1% of its total assets in bitcoin worth about $50 million. The company believes that “cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system.” Square’s Major Bitcoin Buy Square Inc. announced Thursday that it has bought approximately 4,709 bitcoins at an aggregate purchase price of $50 million. The NYSE-listed company (NYSE: SQ) with a market cap of $81 billion provides software and hardware payments products and small business services. The San Francisco-based company has....