Twitter & Square CEO Jack Dorsey announced Square’s impending acquisition of Afterpay. Afterpay’s earnings have been steadily increasing over the past year, with an additional jump after the announcement.
Digital payment provider Square disclosed that it had purchased US$170 million worth of Bitcoins in their Q4 2020 earnings release on Tuesday. The company outperformed analyst expectations. However, traders may be concerned about potential volatility.
Bitcoin hit a new record high of over $48,000 after a 1.5 billion USD investment in the cryptocurrency by Tesla.
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