Square Q1 bitcoin sales topped a record $65 million, despite yearly lows in bitcoin price

#Stackingsats has worked its way into the data as Square posted a record $65.5 million in quarterly bitcoin sales for the first quarter of 2019, almost double Q1 volumes from 2018.

According to analysis by The Block, assuming the average daily price of bitcoin in Q1, that translates to over 17,000 in underlying bitcoin volume, up more than 70% since Q4 and 5x volumes from a year ago.