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Square’s Surging Bitcoin Business Will Restore Confidence in Crypto

Square, the $31 billion payments giant, processed over $166 million in Bitcoin purchases throughout 2018. Square Bitcoin Revenue Eclipses $50 Million in Q4 According to the firm’s Q4 shareholder letter, Square processed the sale of $52.4 million in Bitcoin in the fourth quarter of last year, up nearly two-fold from its previous quarter. The relatively high Bitcoin sales figure from Square follows an annual report released by Grayscale, a subsidiary of Digital Currency Group, which revealed that $359.5 million was poured into Grayscale’s crypto investment products by accredited investors during 2018. Two-thirds of the $359.5 million, around $237.5 million, came
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