comparemela.com

Latest Breaking News On - Bloomberg square inc - Page 1 : comparemela.com

Square Revenue More Than Triples, Driven by Bitcoin Purchases

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 firm’s Bitcoin and retail trading initiatives. , Bloomberg (Bloomberg) Square Inc.’s quarterly sales more than tripled, surpassing analysts’ estimates, driven by skyrocketing Bitcoin purchases through the company’s 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

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.