Square’s bitcoin-related investments had a $45 million drag on the company’s second-quarter operating income, the company said late Sunday.

It comes after a rough period for the digital coin.

Square added it still saw “significant growth in bitcoin revenue year over year” this past quarter.

Ref:https://www.cnbc.com/2021/08/02/square-posts-45-million-in-bitcoin-related-impairments-in-q2.html

 

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