Twitter CFO Ned Segal stated the company is considering relocating some of its assets to the first cryptocurrency.
The team thought a lot about the opportunities in case employees and contractors inquired for “payment in digital gold”, he noted.
“We are persisting to study this matter. We would like to deal with it in a meaningful way, but so far we have not prepared any alterations,” noted Segal.
Twitter CEO Jack Dorsey is a well-established supporter of the leading cryptocurrency. Previously, the head of the platform stated that Bitcoin will someday become the single currency of the Internet and has opened his own full network node of the first cryptocurrency.
In October last year, his payment service company Square put $50 million in Bitcoin (about 4,709 BTC at the time of purchase).
Investment in virtual assets accounted for roughly 1% of the firm’s total asset portfolio at the end of the second quarter of 2020.
Not too long ago, JPMorgan experts suggested that the high volatility of Bitcoin would intimidate large companies.
