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Block (SQ.US) CFO: Investment in bitcoin is a long-term investment.
Zhitongcaijing APP learned that Amrita Ahuja, CFO and COO of Block (SQ.US), said in an interview on Thursday that Block's commitment to Bitcoin reflects its strategic vision for future profits. The parent company of Square and Cash App has maintained a long-term partnership with the world's largest cryptocurrency, Bitcoin. Earlier this year, Block stated that it would use 10% of its monthly Bitcoin product gross profit to purchase cryptocurrencies. Ahuja said Block's investment in Bitcoin "benefits us in the future".
Block's Bitcoin Investment Is a Long-term Play, CFO Says - Report