Square announced a few days ago that it was buying $50 million worth of bitcoin.
You know something, Jack?
In the press release announcing the investment, Square laid out its investment strategy for us mere mortals to see.
“Square has open sourced documentation to articulate the process behind the execution of its purchase as others consider similar strategies. The whitepaper can be found at squareup.com/investors.”
Tyler picks up the ball and runs with it
First, it was @michael_saylor and publicly traded @MicroStrategy buying $425million of #Bitcoin. Today, it is @jack and @square buying $50million of bitcoin. Tomorrow, it will be another visionary leader, and another, and another...the tsunami is coming https://t.co/MjF5z6u7ha— Tyler Winklevoss (@tylerwinklevoss) October 8, 2020
Here is the one-month price chart for Bitcoin (BTC):
Jack gave us a whitepaper explaining his rationale. All we got from Tyler was a self-serving tweet.