Senior Vice President of Twitter: Maybe this company will also invest in Bitcoin
Senior Vice President of Twitter: Maybe this company will also invest in Bitcoin : Ned Segal, Twitter’s chief financial officer, said the company would consider buying bitcoins.
According to The Block, Segal said in an interview with CNBC yesterday that if Twitter-related employees and companies wanted to get their paychecks in bitcoin, then Twitter would invest part of its treasury balance in the Cryptocurrency.
“Segal said in his speech:
We have already devised many measures that we should take if our employees want to receive their salary in the form of Bitcoin or if we are going to pay the providers of Bitcoin products or services. We have already thought about what we should do if we have to add bitcoin to our company balance sheet. We are still looking into this. We want to think about it well over time, but we have not changed it yet.
Square, a Twitter subsidiary, has been investing in Cryptocurrencies for some time. Last October, Square announced that it had bought about $ 50 million worth of bitcoins.
At the time, Square was the second company to invest in Bitcoin after MicroStrategy. Elon Musk, the world’s richest man, recently announced that Tesla had bought about $ 1.5 billion worth of bitcoins.
Bitcoin is currently traded in the $ 45,000 range. The price of bitcoin has dropped by 3% in the last 24 hours.
Senior Vice President of Twitter: Maybe this company will also invest in Bitcoin
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