Twitter CFO Ned Segal said the social media giant may consider adding bitcoin to its balance sheet, according to The Block. Segal suggested that if Twitter employees and vendors ask to be paid in bitcoin, the company may consider investing in the digital token as part of its treasury.
- Twitter’s sister company Square purchased $50 million worth of bitcoin last October, becoming the second U.S based publicly-traded company to invest in the digital token.
- This week, Tesla joined the list of companies holding bitcoin as it bought $1.5 billion worth of the cryptocurrency.
- Bitcoin has gone up sharply in recent months following its growing popularity as a mainstream financial asset.
Twitter stock is currently gaining. TWTR: NYSE is up 8.30%
