Title: [2020-11-05]Square reports $1.63B in BTC sales for Q3 via its Cash app Post by: Karartma1 on November 06, 2020, 07:54:10 AM How money is made thanks to our yellow friend 8)
Quick Take
Backing out the cost to acquire the bitcoin, Square made $32 million in gross profit on its bitcoin sales, up more than 15 times since last year and good for more than 4% of total company gross profit. "Bitcoin revenue and gross profit benefited from an increase in bitcoin actives and volume per customer," the firm said in its report. More https://www.theblockcrypto.com/post/83748/square-earnings-q3-cash-app-bitcoin Title: Re: [2020-11-05]Square reports $1.63B in BTC sales for Q3 via its Cash app Post by: bbc.reporter on November 07, 2020, 04:48:51 AM This appears to be a big inflow of new retail investors and gamblers joining the cryptospace. I predict much of them will begin to become unsatisfied and bored. They might also try their luck in altcoins hehehe.
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