- Jack Dorsey confirmed on Twitter that he’s nonetheless maxing out the weekly Bitcoin shopping for restrict in Money App.
- The restrict is $10,000, making it roughly 1.14 Bitcoin every week at present.
- Previously, Twitter CEO has refused to share how a lot Bitcoin he has.
At this time, Twitter CEO and tech billionaire Jack Dorsey stated that he’s nonetheless shopping for $10,000 price of Bitcoin every week. He said that he’s nonetheless maxing out his Bitcoin buys on Money App—a subsidiary of Dorsey’s personal funds supplier Sq.—which has a $10,000 weekly restrict.
At at the moment’s costs, that’s 1.14 Bitcoin every week.
A bit of over a 12 months in the past, Dorsey stated on Tales from the Crypt, a podcast hosted by Marty Bent, that he has been shopping for Bitcoin through Money App (a subsidiary of Dorsey’s personal funds supplier Sq.)—and maxing out his weekly limits. The restrict on the Money App is $10,000. Dorsey didn’t point out how usually he bought Bitcoin utilizing Money App, simply that he had maxed it out within the final week.
Moreover, talking about “Stacking Sats”—a motion to purchase tiny quantities of Bitcoin over lengthy intervals of time—Dorsey famous that he “noticed that on Twitter” and “thought that was superior.”
“I might have participated however I already exceeded my restrict on the Money App so I can’t buy any extra,” Dorsey stated on Tales from the Crypt on March four, 2019.
Earlier at the moment, when Bitcoin Munger requested Dorsey, “are you continue to maxing out your bitcoin buys?” he was following up on his Dorsey’s earlier feedback.
Dorsey merely replied, “sure.”
The Twitter CEO has been recognized for his pro-Bitcoin stance for a while now. As Decrypt reported lately, he even in contrast Bitcoin whitepaper to “poetry” throughout his look on the Synthetic Intelligence Podcast with MIT analysis scientist Lex Fridman on April 24.
Though he beforehand declined to share particulars of his whole stake in Bitcoin, Dorsey has lengthy been an advocate for the cryptocurrency in his private and professional lives.
However now that the Bitcoin halving has occurred—there will likely be even much less Bitcoin for Dorsey to get his arms on.