TechCrunch
Twitter and Square CEO Jack Dorsey and rapper Jay Z have created an endowment to fund bitcoin development initially in Africa and India, Dorsey said on Friday.
The duo is putting 500 bitcoin, which is currently worth $23.6 million, in the endowment called ₿trust. The fund will be set up as a blind irrevocable trust, Dorsey said, adding that the duo won’t be giving any direction to the team.
₿trust is looking to hire three board members. The mission of the fund is to “make bitcoin the internet’s currency,” a job application describes.
Do you know your value? Kick-off the new year with a valuation exercise and position yourself for success in 2021. With the industry’s foremost expert on valuations, The Strawhecker Group (TSG) works with clients to arm them with critical decision-making information.
What should you be doing right now?
Determining the value of a merchant portfolio is not a simple task. Luckily, TSG can position you for success with its unique “bottom up” approach analyzing the minutia of every merchant in the portfolio in order to accurately access its value. Email us to get started today.
Learn more about TSG’s valuations, matchmaking, and due diligence support and check out some content below that may help as you strategize for 2021.