Share this article
Twitter Considering Bitcoin Options, Including on Balance Sheet, Exec Says
Chief Financial Officer Ned Segal said the firm has been watching other companies to see what it can learn.
Updated May 9, 2023, 3:15 a.m. Published Feb 10, 2021, 3:25 p.m.
Twitter is considering adding bitcoin to its company reserves, according to Chief Financial Officer Ned Segal.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Segal told CNBC's "Squawk Box" Wednesday that the social media giant is also looking at payment options involving the top cryptocurrency by market cap.
“We have 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,” he said.
The CFO added that the team watches closely what other companies do to see what can be learned from them.
In recent months, major firms like MicroStrategy started to invest in bitcoin as a hedge against inflation and a devaluation in the U.S. dollar. Most notably, Fortune 500 firm Tesla announced Monday it has put $1.5 billion into bitcoin.
Read more: Twitter CEO Jack Dorsey Has Set up His Own Bitcoin Node
Segal's comments are perhaps not surprising. Twitter CEO Jack Dorsey is a noted advocate of bitcoin, having brought in a buying and selling service for the cryptocurrency at Square, which he also heads. He also set up Square Crypto, a small team dedicated to supporting bitcoin development.
Twitter shares were trading up 11.67% at $66.88 on Wednesday at the time of publication.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
