Square allocates $5 mln in BTC to its Bitcoin Endowment program

posted 9 days ago
Financial services company Square has allocated $5 million in BTC to its Bitcoin Endowment program and has selected educational program Black Bitcoin Billionaire as the first-ever recipient for a grant from the program. Black Bitcoin Billionaire is receiving 1 BTC from the endowment, according to Square.

The allocation comes as part of a larger commitment to invest $100 million in minority and underserved communities, originally made in September 2020. Square announced the allocation of $25 million of this total investment yesterday and released a memo outlining more details.
Tags: news, bitcoin