Square (SQ) Reports Mixed Results as It Boosts Bitcoin Holdings

Payments company Square, Inc. (SQ) beat analysts’ earnings estimates yesterday for its fourth quarter performance and boosted its Bitcoin (BTCUSD) holdings, but its stock fell anyway on a revenue miss. The San Francisco-based company reported revenues of $3.16 billion, up from $1.31 billion a year earlier, on adjusted earnings per share (EPS) of 32 cents.… Continue reading Square (SQ) Reports Mixed Results as It Boosts Bitcoin Holdings

Square (SQ) Reports Mixed Results as It Boosts Bitcoin Holdings

Payments company Square, Inc. (SQ) beat analysts’ earnings estimates yesterday for its fourth quarter performance and boosted its Bitcoin (BTCUSD) holdings, but its stock fell anyway on a revenue miss. The San Francisco-based company reported revenues of $3.16 billion, up from $1.31 billion a year earlier, on adjusted earnings per share (EPS) of 32 cents.… Continue reading Square (SQ) Reports Mixed Results as It Boosts Bitcoin Holdings

Incoming Bitcoin Volatility Squeeze Likely To Ignite Bullish Tornado

A volatility squeeze usually takes place when the volatility of an asset drops below its recent levels, causing the asset to enter a period of consolidation. Bitcoin is about to get greener As of today, analyst William Clemente confirms that Bitcoin is entering its first major volatility squeeze, following the last one in April that… Continue reading Incoming Bitcoin Volatility Squeeze Likely To Ignite Bullish Tornado

Square CFO: 1 Million Cash App Users Purchased BTC for the First Time

Square, Inc.’s chief financial officer Amrita Ahuja said the company’s popular Cash App product recorded a record number of first-time bitcoin buyers in January.  Speaking in an interview with CNBC on Wednesday, Ahuja revealed more than one million users purchased bitcoin for the first time last month using the Cash App.  She said: We had… Continue reading Square CFO: 1 Million Cash App Users Purchased BTC for the First Time

Square (SQ) Rockets to All-Time High on Blowout Quarter

Square, Inc. (SQ) stock rallied 13.0% to an all-time high on Friday after the company beat third quarter 2020 top- and bottom-line estimates by wide margins. The e-commerce application provider earned $0.34 per share, $0.18 better than consensus, posting a 34% profit increase compared to the same quarter in 2019. Revenue surged 140% year over… Continue reading Square (SQ) Rockets to All-Time High on Blowout Quarter