[출처: 스퀘어]
US mobile payment service company Square announced its fourth quarter results on February 23 (local time). According to the report, Square’s 2020 bitcoin sales will be $4.57 billion. In the fourth quarter, it was found to have bought an additional $170 million worth (3318 bitcoins) and recorded sales of $1.76 billion. Square has been supporting Bitcoin payment services since 2018.
# 4Quarterly Bitcoin price $ 1.05 million -> 2.86 million $… Quarterly BTC sales alone $ 170 million
Square explained that it bought 3318 additional Bitcoins in its quarterly earnings report. This is the first information released since the announcement of the purchase of 4,709 Bitcoins (worth $50 million) in October. The reason I was able to buy bitcoin with less money in October was because the price of bitcoin at the time was much cheaper.
As institutional inflows began in earnest starting in the fourth quarter of last year, Bitcoin surged from $15,000 to $28,600. Through this, Square generated sales of $170 million in Bitcoin alone in the fourth quarter. Total annual sales through Bitcoin amount to $4.57 billion. Square said that the two Bitcoin purchases were about 5% of its total cash volume. However, the profit through bitcoin was excluded from the official profit announcement. In response, Square added, “because of price volatility.”
# “Cryptocurrency is the future window of finance where individuals can participate in the monetary system… Consider continued investment in Bitcoin”
Square also revealed its position on the cryptocurrency industry and bitcoin investment. Regarding this, Square said, “I think cryptocurrency is the future window of finance where individuals can participate in the monetary system. This investment is part of Square’s continuing investment in Bitcoin and will continue to consider investing in the future.”
Meanwhile, bitcoin has recently plunged from $60,000 to the mid-$40,000 level due to concerns over US regulatory rights and rising prices. However, it has successfully rebounded due to the resolution of the tether issue and the news of Square’s additional purchase of bitcoin, and has recovered to the current $50,000 mark.
Reporter Park Sanghyuk [email protected]
