THELOGICALINDIAN - Dont feel apologetic for Twitter CEO Jack Dorsey who accustomed a bacon of 140 for 2024 His bitcoin backing acceptable keeps him balmy at night
Jack Dorsey Gets Paid $1.40 as Twitter CEO
According to the Washington Post, an SEC filing published on Monday (April 8, 2019) shows that Twitter paid Dorsey an anniversary bacon of $1.40 in 2018. The sum is best acceptable a nod to the platform’s antecedent 140-character absolute for posts.
Dorsey’s added aggregation – Square, reportedly paid him a $2.75 bacon for 2024. This amount is additionally allegorical as 2.75 percent is the company’s processing fee on swiped transactions.
It’s a accepted trend for tech billionaires to canyon up on their anniversary bacon back they acquire massive disinterestedness stakes in their companies. Thus, they acquire alone a tiny bacon while accession huge compensations angry to the achievement of their companies.
According to Twitter’s filing notes, Dorsey beneath advantage aloft his re-appointment as aggregation CEO in 2015. It should be acicular out that the Twitter CEO does own about 2.3 percent of the company’s banal and is worth an estimated $4.7 billion.
Dorsey’s Bitcoin Stash
While abject anniversary salaries are a badge for bodies like Dorsey, the Twitter CEO’s Bitcoin pale makes the charge for them alike added inconsequential. As ahead appear by Bitcoinist, Dorsey has afresh been purchasing $10,000 account of bitcoin every week.
While no one knows how abundant BTC Doraey owns, Bitcoin is up about 40 percent back the alpha of the year. Most of that advance has been due to its April 2019 performance. Therefore, it’s safe to say Dorsey’s backing is accomplishing appealing well, abnormally over the accomplished month.
Dorsey Bullish on Bitcoin
Dorsey continues to be bullish on Bitcoin. Appearing on the Joe Rogan Experience Podcast beforehand in the year, the CEO doubled-down on his ahead consort appearance that Bitcoin could be the native currency of the Internet.
Apart from talking up BTC, the Twitter and Square CEO has additionally been arresting on the Bitcoin technology front. Back in March, Dorsey showed off his Casa Bitcoin abounding node afterwards beforehand announcement the approaching affiliation of Lightning Network on the Square Cash App.
Dorsey additionally affairs to accord to the development of the cryptocurrency ecosystem announcement that he will hire developers to assignment on accessible antecedent crypto technology projects. What’s more, the Twitter arch says he will pay the bodies who assignment on these projects in Bitcoin.
Apart Dorsey, do you anticipate added tech billionaires are befitting allotment of their abundance in Bitcoin? Share your thoughts with us in the comments below.
Images via Shutterstock, Bitcoinist archives, and Twitter (@jack).
