Twitter may be the next major company to purchase Bitcoin, according to the tech business firm'due south chief financial officer.

In an interview on CNBC's Squawk Box today, Ned Segal, who has served every bit the CFO of Twitter since 2017, responded to questions about how Twitter would react to Tesla's recent $1.five billion Bitcoin (BTC) investment this calendar week. Segal said the tech firm was watching other companies closely, and discussed potentially adding the crypto asset to its own books or using it for Twitter employees' salaries.

"We've washed a lot of the upfront thinking to consider how we might pay employees should they ask to exist paid in Bitcoin, how we might pay a vendor should they ask to exist paid in Bitcoin, and whether we need to accept Bitcoin on our residue sheet," said Segal.

Though the CFO said Twitter hasn't "made any changes all the same," he added that the tipping point could come if plenty people are interested in conducting BTC transactions with the tech house.

"When we hedge currencies, when we practice business organisation in another country, when we think about all the different exposures that we take, nosotros're really trying to match our avails and our liabilities, and we take the same arroyo to Bitcoin that we do to all the other types of risks that we accept."

With a marketplace capitalization of more than than $51 billion, Twitter is a fraction of the value of a company similar Tesla, whose market cap has risen to $780 billion this week. Post-obit the news Tesla had purchased $1.v billion of Bitcoin and was considering accepting information technology for payments, the price of Bitcoin reached a new all-time high of $48,200. If other multi-billion dollar firms announced similar purchases or adoption plans, it could help button the toll fifty-fifty higher.

"Every CFO is going to be asked now that Tesla made the motion," said Bitcoin balderdash Anthony "Pomp" Pompliano in response to Segal's interview.

"These are merely the early innings of corporate adoption, as digital currencies are get-go to play a larger role in robust balance canvas management," said Nathan Cox, the CIO at 2 Prime number, an investment firm specializing in digital assets. He added:

"We've been having many conversations with corporates to create clear Bitcoin strategies for their treasury reserves as a hedge against aggrandizement. Announcements like these from corporate giants serve as a signal of what's to come."

Twitter stock has risen more than than 11% since the tech business firm's most recent earnings study yesterday. Nonetheless, the price of Bitcoin dipped 5% overnight to reach $44,880 at time of publication.