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Feb 25, 2021

Today on the Brief:

  • Fed Chair Jerome Powell comments on markets and digital currency
  • Cathie Wood’s ARK faces toughest stretch since last September 
  • India’s latest anti-crypto sentiment 

Our main discussion: More news on corporate bitcoin buying. NLW discusses:

  • Square’s Q4 and overall 2020 bitcoin performance in terms of revenue and profit
  • Square’s latest bitcoin purchase of ~3,300 BTC for $170 million 
  • MicroStrategy’s latest >$1B bitcoin purchase, bringing the total to more than 90,000 BTC
  • Why these announcements are losing their power to move markets 
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