Twitter CFO: Currently, it makes no sense to invest company cash in crypto assets such as Bitcoin or Ethereum

On November 16th, the Twitter CFONedSegal stated in an interview that it “does not make any sense” to invest the company’s cash assets in cryptocurrency at this stage. NedSegal said that we have to change our investment strategy and choose to have more volatile assets. NedSegal added that companies prefer to hold less volatile assets, such as securities, on their balance sheets. According to a Twitter report, as of the end of September, cash and cash equivalents were US$3.47 billion, up from US$1.99 billion in the same period last year, and short-term investments were US$3.94 billion. (TWS)