Does Facebook hold bitcoin?

Though there is no official proof that Facebook (FB) holds any Bitcoin, rumors have begun to circulate that the massive tech company does hold the cryptocurrency. Proof of the company's holdings is set to be revealed tomorrow during its earnings call on April 28th.

Did Facebook announce bitcoin in Q1 report?

Various social media users had referred to the alleged Bitcoin investment in the hours leading up to the report's publication. Alistair Milne, CIO of the Altana Digital Currency Fund, claimed it was rumored that Facebook would announce Bitcoin holdings in its Q1 report in a tweet posted Tuesday.

What is Facebook's 'cryptocurrency' offering?

Spedn, the app that enables these cryptocurrency payments, is a custodial wallet, so it is a much more controllable, censorable iteration of bitcoin payments. All of the public information about Facebook’s “cryptocurrency” offering indicates that it won’t be much different from PayPal, Cash App, or any other traditional digital wallet.

What is bitcoin and how does it work?

What is Bitcoin? Bitcoin is the first and most widely recognized cryptocurrency. It enables peer-to-peer exchange of value in the digital realm through the use of a decentralized protocol, cryptography, and a mechanism to achieve global consensus on the state of a periodically updated public transaction ledger called a 'blockchain.'