twitter-and-gm-are-considering-adding-bitcoin-to-their-balance-sheets

Twitter and GM Are Considering Adding Bitcoin to Their Balance Sheets

Twitter could perchance well be pursuing in conjunction with Bitcoin to its balance sheet, to put collectively Sq., which shall be urge by Jack Dorsey. The agency’s chief monetary officer Ned Segal indicated in an interview with CNBC that the agency is pondering BTC as an asset that it’ll add to its balance sheet.

This discussion comes after Tesla terrified the enviornment when it was as soon as unveiled to catch sold a gargantuan sum of Bitcoin only in the near previous.

Linked Reading: Wall Aspect road Damaged-down Kickstarts Accept as true with Bitcoin Fund With $25m Funding

Twitter to Bag Bitcoin Next?

Twitter could perchance well be the next gargantuan agency to steal bitcoin, based entirely totally on a fresh interview with the agency’s CFO and CNBC. The government talked about that Twitter has performed a “lot of the upfront pondering” in phrases of how it’ll compile desirous about Bitcoin and cryptocurrency, particularly pointing out in conjunction with the asset to its balance sheet as a ability path it’ll take.

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“Now we catch performed loads of the upfront pondering to take into memoir how we would pay employees could perchance amassed they demand to be paid in bitcoin, how we would pay a supplier in the occasion that they requested to be paid in bitcoin and whether or no longer we catch to catch bitcoin on our balance sheet.”

“We’ve got performed loads of the upfront pondering to take into memoir how we would pay employees could perchance amassed they demand to be paid in #bitcoin, how we would pay a supplier in the occasion that they requested to be paid in #btc and whether or no longer we catch to catch #btc on our balance sheet,” says @NedSegal $TWTR. pic.twitter.com/KjIgnqDmYC

— Advise Box (@SquawkCNBC) February 10, 2021

This comes rapidly after the manager govt of GM talked about in a statement that his agency in the intervening time has “no plans” to put money into Bitcoin nonetheless will “continue evaluating.” The major observe right here is “continue,” suggesting that the agency was as soon as already pondering making this form of name.

GM CEO SAYS NO PLANS FOR COMPANY TO INVEST IN BITCOIN BUT WILL CONTINUE EVALUATING

— *Walter Bloomberg (@DeItaone) February 10, 2021

Linked Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
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Twitter and GM Are Pondering Adding Bitcoin to Their Stability Sheets

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