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Square, Inc. Announces 2020 Fourth Quarter and Full Year Results



San Francisco-(Business line) -Square, Inc. (NYSE: SQ) has posted its 2020 fourth quarter and full year results on the “financial” section of Investors.squareup.com on its investor relations website and submitted these to the Securities and Exchange Commission result.

Square will host a conference call and earnings webcast at 2:00 PM Pacific Time / 5:00 PM Eastern Time today to discuss these financial results. To register for the conference call or listen to the live audio webcast, please visit the events and presentations section of the Square Investor Relations website at investors.squareup.com. After the call, it can be replayed on the same website.

Square also announced today that it has purchased approximately 3,31

8 bitcoins for a total purchase price of $170 million. Adding in the $50 million in Bitcoin previously purchased by Square, this will account for approximately 5% of Square’s total cash, cash equivalents and marketable securities by December 31, 2020.

In line with the company’s mission, Square believes that cryptocurrency is an economic empowerment tool that provides individuals with a way to participate in the global monetary system and ensure their own financial future. This investment is part of Square’s ongoing commitment to Bitcoin, and the company plans to continue to evaluate its total investment in Bitcoin relative to other investments.

About Square, Inc.

Square, Inc. (New York Stock Exchange: SQ) builds tools to enhance the ability of companies and individuals to participate in the economy. Sellers can use Square to contact buyers online and in person, manage their business and obtain financing. Individuals can use Cash App to spend money, send money, store and invest. Square has offices in the United States, Canada, Japan, Australia, Ireland, Spain and the United Kingdom.


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