Amrita Ahuja, the chief investment officer of payment company Square, recently told Financial News that there were no plans to buy more Bitcoin:
We don’t have any plans at this point to make further purchases. There’s no plans at this point to re-evaluate where we are from a treasury standpoint.
Square reported a $20 million impairment loss on its Bitcoin investments in early May, but the fair value of its holdings far exceeds their carrying cost.
Jack Dorsey’s company put $50 million into Bitcoin back in October. It then announced a $170 million purchase in February.
