Ned Segal, Twitter’s chief financial officer, said the company would look into buying bitcoins.
To Report “The Block” Seagal said in an interview with CNBC yesterday that if employees and companies affiliated with Twitter wanted to get their paychecks in bitcoin, then Twitter would invest part of its treasury balance in the digital currency. “Seagal said in his speech:
We have already thought of measures for our employees on what to do if they want to get paid for their bitcoins. On the other hand, we have also thought about paying Bitcoin to affiliated companies. We have already considered whether we should add Bitcoin to our balance sheets or not. This is an issue that we need to think more about. We want to think about it well over time, but we have not changed yet.
Square, a Twitter subsidiary, has been investing in digital currencies 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. Ilan Musk, the richest man in the world, recently announced that Tesla has 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.