Together with its previous $50 million buy of the digital currency, Square holds about 5% of its cash equivalents in Bitcoin, the company said. The payments company joins others such as Tesla that have bought Bitcoin as cash equivalents.
Tomio Geron (
@tomiogeron) is a San Francisco-based reporter covering fintech. He was previously a reporter and editor at The Wall Street Journal, covering venture capital and startups. Before that, he worked as a staff writer at Forbes, covering social media and venture capital, and also edited the Midas List of top tech investors. He has also worked at newspapers covering crime, courts, health and other topics. He can be reached at email@example.com or firstname.lastname@example.org.