CFO of Tech Giant Twitter Rules Out Holding Bitcoin on Balance Sheet for Time Being: Report

CFO of Tech Giant Twitter Rules Out Holding Bitcoin on Balance Sheet for Time Being: Report


Twitter’s chief financial officer says the social media giant has no immediate plans to invest in Bitcoin (BTC).

In an interview with the Wall Street Journal, Ned Segal cites crypto price volatility as one factor influencing the company’s decision.

Segal says,

Trending: BREAKING: HERO Student Tate Myre Was Killed Trying To Disarm Shooter

“We [would] have to change our investment policy and choose to own assets that are more volatile.

[That] doesn’t make sense right now.”

Last week, Twitter hired blockchain veteran Tess Rinearson as part of a new initiative called Twitter Crypto.

Rinearson said in a series of tweets,

“I’ve joined Twitter to lead a new team focused on crypto, blockchains, and other decentralized technologies – including and going beyond cryptocurrencies.

We’ll be working to figure out what crypto can do for Twitter, as well as

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend