Jack Dorsey Buy Bitcoin

Most recently he said that btc and blockchain are the future of the social media giant twitter.

Jack dorsey buy bitcoin. Jack dorsey has also been vocal on the merits of bitcoin on more than one occasion. Square s purchase of 50 million is a continuation of the institutional interest showcased in the field. Sq announced that they have invested a massive 50 million in bitcoin. Only a few weeks earlier nasdaq listed analytics company microstrategy revealed that it had upped its bitcoin holdings to 425m.

Jack dorsey led payment business square announced today that it has purchased 4 709 bitcoins worth 50 million at the time of writing. The bitcoin and cryptocurrency community was yesterday set alight by news payments company square led by twitter chief executive and outspoken bitcoin advocate jack dorsey had bought 50 million. Twitter chief jack dorsey is not letting up on his bitcoin btc and blockchain evangelism describing the novel tech as the future of the microblogging platform. Payment company square is now the latest publicly listed firm to invest directly in bitcoin following microstrategy s 425 million bitcoin acquisition back in september.

Jack dorsey the ceo of the social media giant twitter has said that bitcoin and blockchain are the future of the platform. Jack dorsey is one of the best known advocates of bitcoin the ceo of twitter and the payment company square has in the past often openly expressed his positive stance towards cryptocurrency and bitcoin in particular. In a major announcement on thursday october 8 jack dorsey backed square inc. 2 minutes by anthonia isichei on october 8 2020 bitcoin u s.

Jack dorsey s square announces 50m bitcoin purchase reading time. Today square announced that it. The bitcoin price has however climbed this year largely due to interest in bitcoin and crypto from technology giants including jack dorsey s social network twitter and iphone maker apple. According to square the premium cryptocurrency was an instrument of economic empowerment and paved a way for everybody to participate in a global monetary system.

Bitcoin is the most viable currency as the ceo of two major companies dorsey has long been a top advocate for bitcoin even going so far as claiming in 2018 that bitcoin would become. On 8 october cryptocurrency enthusiasts the world over rejoiced as jack dorsey s payments company square announced that it had purchased roughly 50m in bitcoin worth approximately 1 of its total assets as of the end of the second quarter.