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Twitter founder and CEO Jack Dorsey made a $1 million donation to crypto policy think tank Coin Center, the group’s executive director Jerry Brito announced in a tweet on Wednesday.

Dorsey’s gift comes during Coin Center’s matching campaign. Grayscale Investments made a $1 million donation to the think tank late last month. On top of the direct donation, Grayscale said it would match up to an additional $1 million of donations. Brito said Coin Center had nearly reached the goal when Dorsey’s donation came in, putting them “over the top and then some.”

Dorsey has long held an interest in bitcoin, both through his payments firm Square and on a personal basis. In past years, Dorsey has spoken about bitcoin as a potential currency for the native Internet.

The latest donation to Coin Center comes as a new administration takes hold in Washington, D.C. With the new administration comes fresh faces at agencies and departments that have the crypto space in their remit, including the Treasury Department under Janet Yellen, who was sworn into office late last month.

Coin Center recently led the public charge against the outgoing Trump administration’s proposed wallet regulations, which the now-former Treasury Secretary Steve Mnuchin sought to advance with a truncated comment period. The proposal now carries the traditional 60-day comment period after a multitude of comments were submitted in opposition to the initial process.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Twitter CFO Ned Segal has said that the social media giant is considering whether to add bitcoin to its balance sheet. 

In an interview with CNBC on Wednesday, Segal said if Twitter employees and vendors ask to be paid in bitcoin, then the company may consider investing in bitcoin as part of its treasury. 

“We’ve done a lot of the upfront thinking to consider how we might pay employees should they ask to be paid in bitcoin, how we might pay a vendor if they asked to be paid in bitcoin and whether we need to have bitcoin on our balance sheet,” said Segal.

Twitter’s sister company Square is already a bitcoin investor. Last October, the payments company announced that it had purchased $50 million worth of bitcoin.

Square at the time become the second publicly-listed company after MicroStrategy to invest in bitcoin. Earlier this week, Elon Musk’s Tesla joined the list of publicly-traded companies to buy bitcoin as part of corporate treasury management. The carmaker bought $1.5 billion worth of bitcoin.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Publicly-traded Argo Blockchain is planning to open a new 200-megawatt facility in the U.S. state of Texas.

The London Stock Exchange-listed company announced the news on Wednesday, saying that it has entered into a non-binding letter of intent with DPN LLC of New York to acquire 320 acres of land in West Texas.

The land acquisition will cost $17.5 million, said Argo, adding that it will be financed via new shares to be allotted to DPN upon a definitive agreement and other approvals.

On completion of the definitive agreement, Argo said it would issue $5 million worth of new shares to DPN, and the balance shares of $12.5 million will be issued in installments as contractual terms are fulfilled.

Argo plans to also take a $100 million “pre-negotiated” loan to build out the Texas facility. When completed, the facility is expected to provide Argo with electricity at “some of the lowest rates in the world.”

As The Block has reported previously, Texas has cheap electricity, and several bitcoin miners have opened or plan to open facilities in the state. These firms include Layer1, Whinstone and Northern Bitcoin, SBI Holdings and GMO Internet, and Crusoe Energy System, among others.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.