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Thursday, April 22, 2021

    Twitter CEO invests another $170 million in bitcoin

    Square, which is owned by Twitter creator Jack Dorsey, announced the purchase of $ 170 million worth of bitcoins.

    In the financial statements for the fourth quarter and 2020, she noted that, in conjunction with a previous investment in cryptocurrency of $ 50 million, she transferred 5% of her total reserves to a digital asset.

    CT Forcast: Crypto Price Analysis

    Do you know Bitcoin Price May Fall Ahead Of Chinese New Year says analyst yes, its true but this technical indicator can give you laser sharp entry points to invest money in cryptocurrency consistently.

    The company acquired another 3,318 bitcoins, according to a new report from Square.

    The paper profits from Square’s $ 50 million purchase of bitcoins in October last year to date have exceeded $ 225 million.

    The last investment of $ 170 million took place at the average bitcoin rate above $ 51 thousand.

    Earlier, bitcoin rose in price by 23% after Tesla announced its investment in the cryptocurrency.

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    The company told the US Securities and Exchange Commission (SEC) that it plans to buy bitcoin in the amount of $ 1.5 billion.

    Later it became known that the Coinbase crypto exchange helped carry out the Tesla operation.

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