Users of payment company Square purchased a total of US$2.7 billion in Bitcoin in the second quarter, and Square made a profit of US$55 million

According to the Decrypt, after the payment service company Square founded by Twitter founder Jack Dorsey provided digital asset investment services, its users purchased a total of $2.7 billion worth of Bitcoin in the second quarter of 2021. On this basis, the company's gross profit is about 55 million U.S. dollars (~2%). The company's profit from Bitcoin investment mainly comes from the difference between the amount paid by users and the amount actually paid by Square to buy Bitcoin in the market.


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