Deals
Square Adds $8 Billion in Value With Help From M&A, Bitcoin
- Stock soars almost 50 percent amid crypto fever, Weebly deal
- Company worth nearly $25 billion after surge since last year
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Shares of Square Inc., which more than doubled in value last year, are still on a roll and show no sign of slowing down.
The payments firm’s stock has surged almost 50 percent, adding about $8 billion in market value, since it rolled out Bitcoin trading in November for customers of its Cash App, which lets users transfer money to friends and family. Chief Executive Officer Jack Dorsey has repeatedly shared his enthusiasm for digital currencies, saying earlier this month that “the internet deserves a native currency.”