---
title: ""Square's chief financial officer said during an investor call on…"
date: 2020-04-03
source: facebook
type: Archer T. Ships shared a link.
---

# "Square's chief financial officer said during an investor call on…

*April 3, 2020 · Facebook*

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[https://www.theblockcrypto.com/post/59805/square-says-bitcoin-engagement-on-its-cash-app-has-grown-in-recent-weeks-amid-period-of-market-volatility](https://www.theblockcrypto.com/post/59805/square-says-bitcoin-engagement-on-its-cash-app-has-grown-in-recent-weeks-amid-period-of-market-volatility){target="_blank"}
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\"Square\'s chief financial officer said during an investor call on Tuesday that it has seen a recent uptick in bitcoin engagement via its Cash App amid the market turmoil driven by the coronavirus crisis.\
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\"Adoption and engagement of fractional equity investing in Bitcoin has accelerated in recent weeks given recent market interest and volatility,\" CFO Amrita Ahuja said on the call.\
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Square previously reported more than \$178 million in bitcoin purchase volumes in the fourth quarter. For 2019 as a whole, the payments firm registered more than \$516 million worth of bitcoin sales, translating to \$8 million in gross profits -- less than 2% of gross profit from subscription and transaction-based services.\
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The ability to purchase bitcoin is one of the features that have been rolled into Square\'s Cash App, all aimed at providing greater financial access -- most recently the ability to purchase fractionalized shares of public companies.\"\
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[https://www.theblockcrypto.com/post/59805/square-says-bitcoin-engagement-on-its-cash-app-has-grown-in-recent-weeks-amid-period-of-market-volatility](https://www.theblockcrypto.com/post/59805/square-says-bitcoin-engagement-on-its-cash-app-has-grown-in-recent-weeks-amid-period-of-market-volatility){target="_blank"}
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