In a major announcement on Thursday, October 8, Jack Dorsey-backed Square Inc. (NYSE: SQ) announced that they have invested a massive $50 million in Bitcoin. With the total purchase amount of 4,709 BTC, the purchase happened at an average price of $10617.96 per BTC. Today, @Square announced that it has purchased $50M in bitcoin. Square The post Jack Dorsey’s Square Inc Invests $50 Million in Bitcoin (BTC) appeared first on Coingape.