Payments Company Square Unveils Low Returns From Bitcoin Business Last Quarter

US payments processing company Square recently reported low profits from Bitcoin (BTC) trading in its Cash App last quarter, according to an article by Fortune Wednesday, May 2. According to Square's earnings report, Bitcoin-related business generated about 5 percent of overall revenue, amounting …
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Mobile Pay Service Square Shares Fall After Stock Commentator Slams Bitcoin Strategy

Shares of financial services and mobile payment company Square dropped Monday after a critical tweet by short-seller Andrew Left's Citron Research, CNBC reported April 30. Citron claimed excitement for Square's Bitcoin (BTC) trading solution was exaggerated. Citron called Square a “collection of …
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Square shares drop after short seller Citron calls bitcoin strategy 'nonsense'

Shares of Square fell Monday after noted short-seller Andrew Left's Citron Research said excitement over the payments processor's bitcoin trading product was overdone. The stock briefly lost 3.8 percent to $ 45.76 a share before recovering some of its losses. Square is a "collection of yawn businesses," …
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Square stock rises as analyst points to strong merchant willingness to accept bitcoin as payment

Shares of Square Inc. SQ, -2.56% are up 1.3% in premarket trading Wednesday after an analyst at Instinet cited high merchant willingness to accept Bitcoin BTCUSD, -4.46% as a form of payment. According to Instinet's recent survey of Square merchants, 60% said they would be willing to accept Bitcoin, …
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Square earnings: Bitcoin may generate buzz, but it's not what pays the bills

Nonetheless, there are still plenty of questions about Square's bitcoin efforts, and analysts will likely use Square's conference call to seek clarity on the matter. Tuesday's earnings report marks the first since Square announced bitcoin capabilities on the platform, and questions could include on whether …
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