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After a recent rally, Jack Dorsey’s Square doubles the value of its Bitcoin holdings.

With Bitcoin's recent climb, Jack Dorsey's fintech startup Square has been able to double its stake in the popular cryptocurrency. According to a report, the corporation spent a total of $220 million (Rs. 1,650 crores) in Bitcoin, which is currently valued at over $470 million (Rs. 3,526 crores). A major portion of the increase in the value of Square's holdings was attributable to a recent surge in the price of Bitcoin. Bitcoin was trading under $50,000 (Rs 37.51 lakhs) a month ago, but on Saturday it was trading at $62,000 (Rs 46.52 lakhs), a roughly 25% increase.
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