SAN FRANCISCO–(BUSINESS WIRE)–Square, Inc. (NYSE: SQ) has posted its outcomes for the fourth quarter and full 12 months of 2020 on the Financials part of its Investor Relations web site at buyers.squareup.com and filed these outcomes with the Securities and Exchange Commission.
Square will host a convention name and earnings webcast at 2:00 p.m. Pacific time/5:00 p.m. Eastern time at the moment to debate these monetary outcomes. To register to take part within the convention name, or to take heed to the reside audio webcast, please go to the Events & Presentations part of Square’s Investor Relations web site at buyers.squareup.com. A replay shall be out there on the identical web site following the decision.
Square additionally introduced at the moment that it has bought roughly 3,318 bitcoins at an mixture buy value of $170 million. Combined with Square’s earlier buy of $50 million in bitcoin, this represents roughly 5 % of Square’s whole money, money equivalents and marketable securities as of December 31, 2020.
Aligned with the corporate’s objective, Square believes that cryptocurrency is an instrument of financial empowerment, offering a manner for people to take part in a world financial system and safe their very own monetary future. The funding is a part of Square’s ongoing dedication to bitcoin, and the corporate plans to evaluate its mixture funding in bitcoin relative to its different investments on an ongoing foundation.
About Square, Inc.
Square, Inc. (NYSE: SQ) builds instruments to empower companies and people to take part within the financial system. Sellers use Square to achieve patrons on-line and in-person, handle their enterprise, and entry financing. And people use Cash App to spend, ship, retailer, and make investments cash. Square has workplaces within the United States, Canada, Japan, Australia, Ireland, Spain and the UK.