Square has reported $528 million in revenues in Q1 200, according to a shareholder letter issued by the firm on May 6th. Notably, around 60% of this was attributed to Bitcoin which contributed $306 million of the cash app revenue.
The market capitalization of Square ($30 Billion) has surpassed that of Twitter ($25 Billion).
Square has now become the latest name to get hold of the Bitlicense, issued by the New York DFS, allowing the company to operate in the state of New York.
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