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Tag: Ryan Todd

Square Reports $1.63 Billion In Bitcoin Sales Or The Third Quarter Via Its Cash App

Square sold $1.63 billion in bitcoin during the third quarter of 2020, according to a newly released earnings statement. The latest quarterly sales make up nearly 90% of all sales in prior quarters, highlighting the growth in the business. Backing out the cost to acquire the bitcoin, Square made $32 million in gross profit on…

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