Visa discloses 9.99 pct stake in Dorsey-led Square

Jack Dorsey (L), CEO of Square and CEO of Twitter, live casts video while standing outside the New York Stock Exchange for the IPO of Square, in New York November 19, 2015.
Lucas Jackson | Reuters

Visa, the world's largest payments network operator, disclosed a 9.99 percent holding of Class A shares in mobile payment firm Square.

The stake in the company, run by Twitter CEO Jack Dorsey, was revealed in a regulatory filing on Thursday.

Billionaire investor Leonard Blavatnik disclosed in November an 11.4 percent passive stake in Square, which went public earlier that month.