Market Cap: $3,350,465,516,360
24h Vol: $162,289,815,217
Cryptocurrencies: 27846
Markets: 116350
Cryptocurrencies: 27846
Markets: 116350
Market Cap: $3,350,465,516,360     
24h Vol: $162,289,815,217
Seeking Alpha 2021-02-08 16:53:45

Square stock rides up on Bitcoin surge

Square stock rides up on Bitcoin surge
Square ([[SQ]] +7.8%) stock gains as Bitcoin drives up past $43K after Tesla said it invested in the cryptocurrency and will accept Bitcoin for payment on a limited basis soon.Bitcoin has risen about 14% to $43.4K after sliding below $32K in late January.The fintech purchased $50M of the crypto in October; since 2018, the Square Cash app has allowed customers to trade Bitcoin.See how SQ's total return in the past year compares with the PYPL, Bitcoin, and the S&P 500 in chart below.Last October, PayPal ([[PYPL]] +3.6%) introduced its own service for trading Bitcoin, with plans to allow customers to pay for purchases with the digital currency.
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