Express

Square's Bitcoin Sales Exceeded $166 Million Last Year

Liang CHE

Summary: According to coindesk.com, mobile payment company Square's bitcoin sales revenue last year exceeded $166 million. The company filed its fourth quarter of 2018 financial results with the Securities and Exchange Commission (SEC) on Wednesday, revealing that its net income last year was $3.3 billion, 5% of which came from cryptocurrency purchases in its cash applications. ...

According to coindesk.com, mobile payment company Square's bitcoin sales revenue last year exceeded $166 million. The company filed its fourth quarter of 2018 financial results with the Securities and Exchange Commission (SEC) on Wednesday, revealing that its net income last year was $3.3 billion, 5% of which came from cryptocurrency purchases in its cash applications. Its bitcoin sales were $166,517,000, but the cost of buying cryptocurrencies was about $165 million. This gives the company a net profit of $1.69 million in bitcoin sales.

Last Update:

Tags: ,
Link: Square's Bitcoin Sales Exceeded $166 Million Last Year   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 4 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 10 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 13 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 14 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 17 days ago

    • You need to login to comment.