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05 August 2020
Square reports $875 million in Bitcoin purchases for Q2 2020, up 186% from last quarter
In an early release of its quarterly financials, Square reported it purchased $875 million Bitcoin in Q2 2020. This total marks Square's highest quarterly Bitcoin purchases ever, besting last quarter by 186%. The company netted $17 million of bitcoin gross profit, which also marked a quarterly best,...
Today Grayscale released its Q2 Digital Asset Investment report detailing activity around its cryptocurrency investment trust products. The firm reported a record $905.8 million in quarterly inflows across all products, nearly double the previous quarterly record of $503.7 million in 1Q20. This tran...
Bitcoin might as well be a stablecoin with how stable it’s price has been over the past month and a half. Despite all the action in DeFi and broader financial markets Bitcoin has traded range bound between $9,000 and $10,000 for the past 48 days.
Source: Messari Portal
Spot volumes are down signi...
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