- Cryptocurrency fund leader Grayscale Investments is partnering with Time Magazine on a new video series to be released this summer, announces Grayscale CEO Michael Sonnenshein.
- Equally important, says Sonnenshein, Time has agreed to be paid in bitcoin (BTC-USD) and will hold said bitcoin on its balance sheet.
- Time was purchased by Salesforce.com (NYSE:CRM) founder and CEO Marc Benioff for $190M nearly three years ago. The two companies' operations, however, have nothing to do with each other, with Time being run by Keith Grossman.
- Another company also into Bitcoin, Microstrategy earlier today announced its independent board members would have their fees paid in the crypto.