Twitter Stock Up 15% as Company Mulls Adding Bitcoin to Balance Sheet

Twitter Stock Up 15% as Company Mulls Adding Bitcoin to Balance Sheet
фото показано с : zycrypto.com

2021-2-12 18:16

Twitter CFO Ned Segal recently announced that the social networking service company is considering adding Bitcoin to its balance sheet during a CNBC interview. The company may even pay its staff using Bitcoin, according to Segal.

“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 BTC and whether we need to have BTC on our balance sheet.”

This is coming on the heels of Tesla investing $1.5 billion in the asset just three days ago. Tesla is said to have become a trailblazer through the investment which is likely to attract other mainstream companies to invest in the top cryptocurrency.

Twitter’s decision to buy Bitcoin will not be a surprise though, considering that its CEO Jack Dorsey is a known Bitcoin fan and his other company, Square is also significantly involved with Bitcoin.

Twitter stocks go up 15% following the news

Shortly after Twitter announced that it may add Bitcoin to its balance sheet, the company’s stocks went up 15% on CBOE. This could be an indication of increasing confidence in the company as more investors could be going for the stock because of the recent announcement.

TWTR Chart Via TradingView

The next increase could be Bitcoin’s price as such developments as this has often led to a pump in the price. Tesla’s investment gave Bitcoin momentum that drove it to a new all-time high of $48,000, and Twitter could have the same impact if it eventually decides to buy Bitcoin and use it to pay its staff as well.

After the Tesla momentum, the Bitcoin price has retraced to $44,500, critical support that must hold for the price to bounce back up. With the rising demand for Bitcoin from major companies, analysts expect that every top company including Fortune 500 ones will soon reach for the asset and the price could rise to new and higher highs in 2021 and beyond.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 97130.9 (-0.88%)
Объем 24H $96.545b
Изменеия 24h: 3.17 %, 7d: 6.75 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1922.553b Rank 1
Цена в час новости $ 46876.77 (107.2%)

bitcoin company sheet twitter segal balance adding

bitcoin company → Результатов: 126


Фото:

Fundstrat’s Tom Lee On Why Bitcoin Can Exit The Year Over $100k Despite Being In The “Penalty Box”

It has been a bloody period for Bitcoin after the crypto started experienced some market troubles after reaching a new all-time high above $65k. The decision of Tesla to suspend bitcoin payments and the company’s CEO Elon Musk tweeting against Bitcoin’s power consumption while supporting Dogecoin have added to the pressure. As a result, BTC’s […]

2021-5-26 20:15


Фото:

MicroStrategy CEO Calls Bitcoin The ‘World’s Best Collateral’, Says Company Will HODL Its BTC For 100 Years

Michael Saylor, the CEO of business intelligence firm MicroStrategy, continues to publicly speak about bitcoin after his company made a mega $425 million bitcoin purchase. In a live interview on Wednesday with Real Vision CEO Raoul Pal, Saylor called bitcoin the “world’s best collateral”, and said his company is planning to hold the asset for […]

2020-10-25 01:01


Another Company Goes All-in In Bitcoin; ‘A Much Better Alternative To Saving Cash’

After billionaire investor Paul Tudor Jones and MicroStrategy, now a small company, a restaurant called Tahinis that specializes in middle eastern cuisine has jumped into Bitcoin. The company took to its Twitter account to share that they have converted their “entire” cash reserves, originally used as savings, into Bitcoin.

2020-8-19 19:01


Billion Dollar Publicly-traded MicroStrategy Buys 21,454 Bitcoin as a Reserve Asset

MicroStrategy is now taking a deep dive into the world of bitcoin. The $1.2 billion Nasdaq listed software company has officially announced its position in the largest digital asset. A fortnight after announcing to invest in bitcoin as an inflation hedge, the company has purchased 21,454 BTC at an aggregate price of $250 million, inclusive […]

2020-8-11 18:21


Фото:

Норвежская разведка проверит российских майнеров из-за близости к полигону НАТО

Российская компания New Mining Company вложила миллиард крон или около 125 миллионов долларов в создание крупного центра по добыче криптовалют в Норвегии. Инициативой заинтересовалась местная разведка — ферма расположится в нескольких километрах от места, где пройдут масштабные учения НАТО.

2018-6-13 11:00


Institutional Investors Move to Bitcoin ‘Inevitable,’ Says Wall Street’s ‘Crypto King’

‘Wall Street’s Crypto King’ Bart Smith is expecting institutional investors to move into the cryptocurrency market once regulations are clarified. Institutions Need Regulatory Certainty Smith runs the investment firm Susquehanna International Group which started investing in Bitcoin in 2014 and expanded in 2017 during the crypto boom.

2018-6-12 02:00


HEAT Ledger has Announced the Release of their Ethereum Heatwallet

Bitcoin Press Release: Scalable HEAT crypto platform and decentralized token exchange company Heat Ledger has announced the release of their Ethereum Heatwallet. June 5, 2018, Finland – This exciting release brings Heatwallet users the added flexibility for transferring Ethereum and viewing ERC20 assets and access to the custom tools and the functionality of the Heatwallet […] The post HEAT Ledger has Announced the Release of their Ethereum Heatwallet appeared first on Bitcoin PR Buzz.

2018-6-11 15:56