It’s well known that Jack Dorsey, Twitter’s CEO, is a crypto enthusiast.
Silicon Valley is awash with rumors… will Twitter take the plunge and buy Bitcoin?
Twitter’s chief financial officer Ned Segal told CNBC:
“We’ve done a lot of the upfront thinking to consider how we might pay employees should they ask to be paid in Bitcoin, how we might pay a vendor should they ask to be paid in Bitcoin, and whether we need to have Bitcoin on our balance sheet.”
While the tech giant is yet to nail its colors to the mast, it’s well known that Jack Dorsey, Twitter’s CEO, is a crypto enthusiast.
Last October, the entrepreneur’s other company, Square Inc, announced it had added $50 million worth of Bitcoin to its corporate treasury. At the time, MicroStrategy and Square were the only U.S.-based publicly traded companies to invest in Bitcoin.
So far, the rest of the corporate world seems to be holding back, waiting to see who will make the next move.
“It’s something we continue to study and look at, we want to be thoughtful about overtime, but we haven’t made any changes yet.”
Twitter’s share price has enjoyed healthy gains after its latest financial results showed a rebound in ad spending — surpassing its targets for quarterly sales and profits. The social network is now forecasting a strong 2021.