Square, Inc. Announces 2020 Fourth Quarter and Full Year Results

SAN FRANCISCO–(BUSINESS WIRE) – Square, Inc. (NYSE: SQ) has published its results for the fourth quarter and full year of 2020 in the Finance section of its Investor Relations website at investor.squareup.com and presented these results to the Securities and Exchange Commission. .

Square will host a conference call and earnings webcast at 2:00 PM PT / 5:00 PM ET today to discuss these financial results. To register for the conference call or to listen to the live audio webcast, visit the Events & Presentations section of the Square Investor Relations website at InvestorSquareup.com. A replay will be available on the same website after the call.

Square also announced today that it has purchased approximately 3,318 bitcoins at a total purchase price of $ 170 million. Combined with Square’s previous purchase of $ 50 million in bitcoin, this represents approximately five percent of Square’s total cash, cash equivalents and marketable securities as of December 31, 2020.

Aligned with the purpose of the company, Square believes that cryptocurrency is an instrument of economic empowerment, providing a way for people to participate in a global monetary system and secure their own financial future. The investment is part of Square’s ongoing commitment to bitcoin, and the company plans to evaluate its aggregate investment in bitcoin relative to its other investments on an ongoing basis.

About Square, Inc.

Square, Inc. (NYSE: SQ) creates tools to enable businesses and individuals to participate in the economy. Sellers use Square to reach buyers online and in person, run their businesses, and access financing. And people use the Cash app to spend, send, store, and invest money. Square has offices in the United States, Canada, Japan, Australia, Ireland, Spain, and the United Kingdom.

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