Twitter Mulls Bitcoin as Dorsey Donates to Coin Center

Key Takeaways

  • Twitter CEO Jack Dorsey has donated $1 million to the blockchain policy think tank Coin Center.
  • Elsewhere, Twitter CTO Ned Segal has suggested that the company could make a corporate Bitcoin investment.
  • Square, a payments company founded by Dorsey, has already invested $50 million in Bitcoin.

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Twitter made two noteworthy cryptocurrency decisions today. Twitter CEO Jack Dorsey personally donated $1 million to the blockchain think tank Coin Center, while Twitter CFO Ned Segal discussed the possibility of a corporate Bitcoin investment.

Dorsey Donates $1 Million

Coin Center executive director Jerry Brito revealed Dorsey’s $1 million donation on Twitter earlier today.

Brito noted that the donation helped the group to surpass its fundraising goals. When crypto investment giant Grayscale gave $1 million to the group last month, the firm also pledged to match a further $1 million in donations. Crypto exchange Kraken additionally donated $100,000, adding to its previous $3 million donation.

Coin Center’s work is regarded by many as vital to the future of the cryptocurrency ecosystem. The group advocates for fair U.S. government policy towards the crypto space. It has weighed in on matters such as stablecoin regulations and wallet tracking rules.

Dorsey’s donation to Coin Center should not be surprising, as he has historically been vocal about his support for Bitcoin. Most recently, he acknowledged Bitcoin as a “foundational internet technology that is not controlled or influenced by any single individual or entity.”

Twitter Could Donate Invest In Bitcoin

Elsewhere, Twitter CFO Ned Segal has suggested that his team has been following Bitcoin. During a CNBC interview, he discussed the possibility of paying employees and vendors in Bitcoin, as well as the possibility of adding Bitcoin to the Twitter balance sheet.

The social media giant will consider…

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