Twitter CEO Jack Dorsey is not tired of hoarding more about Bitcoin (BTC). The 43-year-old billionaire has confirmed that he is still “maximizing” Bitcoin purchases, which means he buys $ 10,000 BTC per week.
In addition to being managed by Twitter, Dorsey also manages Square, another public company that focuses on payment solutions. In March 2019, Dorsey said that it had maximized the $ 10,000 spending limit for BTC purchases set by the Cash App. This means that an annual dollar-cost average for Dorsey has invested at least $ 520,000 in the best cryptocurrency. Meanwhile, billionaire hedge fund manager Paul Tudor Jones announced that he put about two percent of his net worth of $ 5.1 billion in Bitcoin.
Big Bitcoin Revenues
Revenue also increased for Square, which enabled sellers to adopt Bitcoin in 2014. In the first quarter of 2020, the company’s Cash App generated more revenue from Bitcoin sales than operating fiat-based services ($ 306 million and $ 222 million). Together with the crypto asset manager Grayscale, Square seems to have bought 50 percent of all BTC issued in the first quarter.