Twitter is considering adding bitcoin to its balance sheet, CFO says
bitcointo its balance sheet, CFO Ned Segaltold CNBC.
- Segal said the company has thought about how they would pay a vendor if they asked to be paid in bitcoin.
- He said no changes have been made yet.
- Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
Twitter has considered whether to add bitcoin to its balance sheet, though no changes have been made yet, according to CFO Ned Segal.
Segal said in a CNBC interview Wednesday that the social media giant continues to "study and look at" incorporating bitcoin into its finances.
"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 if they asked to be paid in bitcoin and whether we need to have bitcoin on our balance sheet should that happen," said the CFO. "We want to be thoughtful about it over time, but we haven't made any changes yet."Twitter would follow the lead of Tesla, which revealed on Monday it had bought up $1.5 billion of bitcoin in January and plans to start accepting the cryptocurrency as payment. The news sent bitcoin to an all-time high above $48,000 earlier this week. The cryptocurrency is currently trading around $45,000.
- Karnataka budget 2021-22 to be presented on March 8
- Delhi Budget likely to have special allocation for free COVID vaccination at govt hospitals: Sources
- Future iPhones may arrive with Smart Magnetic Connectors, says report
- Centre proposes to raise LIC's authorised capital to ₹25,000 crore
- Huawei files two patents related to electric vehicles, says new report