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Jack Dorsey, Lil Wayne, and Jay-Z Commits 500 BTC ($23.7M) To Bitcoin Development

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Witter CEO Jack Dorsey, Michael Carter (a.k.a. Lil Wayne), and Shawn Carter (a.k.a Jay-Z), teamed up with American rapists to fund development of Bitcoin. The trio has invested 500 BTC (around $23.7 million) into the newly-inaugurated donation known as the "free trust" according to Dorsey's Friday announcement. The entire donation will focus initially on teams from Africa and India to finance bitcoin development. At least three members of the Board of Trusts are being sought, saying that the Twitter Boss is going to be "blind irrevocable trust," not guided by the donors. The mission of the confidence is


The mission statement of the Trust is to "make Internet currency bitcoin," an aim to be pursued by Dorsey in the past. The CEO of Twitter and Square actively funds the development of Bitcoin and has also taken Bitcoin to his companies. In its treasury strategy Square has already purchased $50 million of BTC, whereas Twitter is reportedly considering following the steps and also paying BTC staff. Twitter's CFO, Ned Segal, admitted in an interview earlier this week.

We thought a lot about how we can be paying employees should they ask for Bitcoin payments, how we can pay a seller if they are requested to receive the BTC payments and whether we need BTC on our balances. Based on the comment made by the CFO, industry experts believe that the adoption by Twitter of bitcoin as a treasury asset involves MicroStrategy, Square, and Tesla is almost inevitable.
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