Square is expanding bitcoin support for sellers, with big businesses like GameStop and Trump's media company getting involved

From Yahoo Finance: 2025-05-29 06:30:00

Square is expanding its bitcoin support, allowing all 4 million sellers to accept bitcoin payments starting this year. Sellers can choose to keep the bitcoin or convert it to fiat currencies. This move follows Stripe’s acquisition of Bridge for $1.1 billion to strengthen its infrastructure.

Big businesses are also jumping into bitcoin, with 114 publicly-listed companies now holding about $87 billion worth of the digital asset. GameStop disclosed a $500 million bitcoin purchase for its treasury, while Trump’s media company plans to raise $2.5 billion to build its own bitcoin treasury.

Block announced its bitcoin expansion at Bitcoin 2025, aiming to make the US the “crypto capital of the planet.” VP JD Vance emphasized the administration’s support for the crypto industry, calling for regulatory clarity to help it gain wider adoption. Hopes are high for crypto entering the mainstream.

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