ICYMI: Twitter CEO Jack Dorsey Is Accumulating Bitcoin (BTC)
The latest development came earlier this week when Dorsey went on industry podcast Tales from the Crypt, where he spoke with Marty Bent on a number of matters related to Bitcoin and the future of the larger industry.
Most notably, Dorsey revealed that he has been potentially accumulating tens of thousands in BTC through the Cash App, a Bitcoin-enabled mobile payment service developed by Square (SQ), Dorsey’s other multi-billion dollar company. Square’s Cash App recently reported that it sold $166 million in BTC in 2018.
Dorsey noted that he has actively been participating in “Stacking Sat Saturday,” a movement where users buy $25 BTC every Saturday. However, when he first attempted to join the movement, he admitted he was hamstrung by already maxing out the $10,000 weekly purchasing maximum on the Cash App.
While Dorsey did not follow up to share that this is a normal amount of weekly Bitcoin accumulation for him, the amount does indicate that he is at least throwing around a decent stack already.
This news came several days after we reported that Dorsey is now the owner of a Casa Node, a plug-and-play box that allows users to run their own Bitcoin and Lightning Node with no coding experience. Dorsey also recently purchased a Trezor hardware wallet with bitcoin through the Cash App.
With an ever-growing stash of Bitcoin and related hardware, it seems clear that one of tech’s biggest influencers has been fully bitten by the crypto bug.
Disclaimer: This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.