TIME magazine gets into bitcoin by collaborating with Grayscale
With every passing day, the adoption for Bitcoin seems to be soaring ahead, and now we hear the latest company join the BTC market is none other than Time Magazine. The company now seems to have collaborated with the group called Grayscale, which remains the biggest digital assets management company in the world. They will soon be going to release a video series this summer in order to cover Bitcoin along with other digital currencies. With this, we see the largest and prestigious magazine from the US would be holding Bitcoin over the balance sheet, which is now being confirmed by the President. We see Time to be investing their money with the said group in order to come up into this domain. Now, we can see the magazine holding the bitcoin over the Balance sheet.
The magazine has remained a prestigious one in the world, which was started way back in 1923, and it offers guidance on various issues like politics, current affairs, health, business, technology, entertainment, and science. Since then, it has been published twice a month, and it has more than 20 million subscribers all across the world. As per the company’s CEO Mr. Michael Sonnenshein, they are all set to maintain the balance sheet for BTC very soon. He tweeted about the same this Monday, announcing the initiative, and then went on to explain that they will soon be coming with a detailed video that explains the digital currency space that would come out in the summer. He went on to confirm that Keith Grossman, who remains the President of Time Magazine, also agreed to the fact that his payment in Bitcoin will soon be going to hold BTC over the balance sheet.
As we see, a growing number of groups and companies are not adopting bitcoin along with other digital currencies when it comes to maintaining their balance sheet. We saw the auto giants like Tesla, who now accept payment in Bitcoin. All thanks to their massive level of investment benign hurled by the company, more and more groups are entering into this. We see Time Magazine now joining several major companies that are seen with bitcoin treasuries along with Elong Musk and its company, while we also saw others like Dorsey Square Inc along with Micrsostaregy of Michel Saylor too are entering into this domain. With this latest announcement coming from Grayscale, one can find Time Magazine that is seen coming only after the MicroStrategy joining the same. With this latest announcement, one can even see the business intelligence company to company ahead with the Board Members getting the salaries in Bitcoin.
We now see Jim Cramer, the known media personality along with the Founder of The Street, also coming on Twitter saying that they would be going to receive the payments in the form of Bitcoin. Russel Okung, who remains with the Carolina Panthers in the US-based National Football League, also announced last December that he would be getting paid in Bitcoin. Jim Cramer, who is also the media personality along with the founder of a publication called The Street on Twitter that he will now be getting the payments in Bitcoin. He has invested around 13 Million USD in Bitcoin. Explore this topic on bitcoin.
Now talking about Time Magazine, one can find it sold out the three covers on the issues like NFT, and it has further going to get involved in the digital currency industry. The magazine is among the first in its sector to get a hold of digital coins like Bitcoin. As the magazine announced this move, many are seen apprehensive about the way it would impact in the coming days. This news has brought some speculations as to how the company is going to move ahead having bitcoin on the balance sheet as well. Although Benioff may not be open about Bitcoin or the digital currencies, one can find something in directing coming up in the company with the Bitcoin analysis that is being funded with the Times venture. Although we see the investment to be done in a smaller way, Bitcoin is seen balancing the sheet-like the Time along with the investment that is seen coming along with the faith of digital currency future of the industry.
