Jack Dorsey’s Company Square Buys Bitcoin Which Value is About $50 Million

Square, which is owned by Twitter CEO Jack Dorsey, has bought about 4,709 bitcoin at an aggregate buying value of $50 million, i.e. at a medium value of about $10,600 per bitcoin.

Jack Dorsey

The news was announced on Thursday, Square told “cryptocurrency is an instrument of economic empowerment and provides a way to participate in a global monetary system, which aligns with the company’s purpose.”