Cryptocurrency Financial Advisors

Twitter Founder Places 1% of Square’s Total Assets into Bitcoin

Yesterday, Twitter and Square CEO Jack Dorsey announced that Square bought 50 million dollars worth of Bitcoin, equivalent to 1% of the company’s total assets. Following the announcement, Bitcoin’s price jumped 2.5% to find a new price resistance level around $11,000.

This announcement signifies that the world is one step closer to utilizing the true purpose of digital assets as a way to unite the world financially under a universally accepted financial system, which directly aligns with Square’s vision in building a more inclusive future.

“Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose… For a company that is building products based on a more inclusive future, this investment is a step on that journey” the company stated.

Sarson Funds is aligned with Square’s pursuit to create a more universal and inclusive financial future, and we are excited to see that yet another one of the world’s leading corporations has committed themselves to bolstering the infrastructure to help make the world a better place.

By Liam McDonald

Share:

Email
Facebook
Twitter
LinkedIn
Telegram
WhatsApp
Reddit

Social Media

Most Popular

Get The Latest Updates

Subscribe To Our Weekly Newsletter

No spam, notifications only about new products, updates.

Categories

On Key

Related Posts

Gamers go crypto

100 Million Gamers Go Crypto

 By, Evan LaMontagne, Blockchain & Gaming Analyst at Sarson Funds Game Economies, something few understood 10 years ago, but is

People on devices in the style of Norman Rockwell. Credit open.ai

Web3 My Business: Starter Pack

  Executive Summary: These crypto startups are turning Web3 communities into profit centers for businesses: Blocksee – NFT minting and