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Square Launches Banking Business With Checking, Savings Accounts
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Square Building New Bitcoin-Inspired Financial Services Business
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Square Plans New iPad Payment Terminal With Built-In Tap-to-Pay
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Square Revenue More Than Triples, Driven by Bitcoin Purchases
Kurt Wagner, Bloomberg News The Square Inc. application for download in the Apple Inc. App Store on a smartphone arranged in Saint Thomas, Virgin Islands, U.S., on Friday, Feb. 19, 2021. Square shed as much as 3.1% on Monday ahead of reporting results on Tuesday postmarket, when investors will be watching for progress on the firmâs Bitcoin and retail trading initiatives. , Bloomberg
(Bloomberg) Square Inc.âs quarterly sales more than tripled, surpassing analystsâ estimates, driven by skyrocketing Bitcoin purchases through the companyâs Cash App.
First-quarter sales were $5.06 billion, beating the $3.37 billion average projection from analysts, according to data gathered by Bloomberg. Revenue from Bitcoin sales which includes the total value of Bitcoin traded on its Cash App climbed more than elevenfold to $3.51 billion, up from $306 million
Square Buys $170 Million More Bitcoin, Deepening Crypto Bet
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