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Rumors are circulating that Facebook has bought Bitcoin


Since yesterday, rumors have circulated that Facebook has bought Bitcoin.

It all started with a tweet from Altana Digital Currency Fund CIO Alistair Milne, according to whom rumors are circulating that Facebook could announce today that it has bought bitcoin.

The tweet, which is apparently the only source of this rumor, has been around the world and the rumor has spread like wildfire.

The truth is that today, April 28, 2021, the event will take place at investor.fb.com "Facebook Q1 2021 Earnings", during which the company will present its financial results for the first quarter of 2021.

During these days, all listed companies, such as Facebook, are presenting their quarterly reports, and according to rumors reported by Milne, the first quarterly report of the year from the social network co-founded by Mark Zuckerberg would include an investment in BTC.

Basically it would be something similar to what you did TeslaExcept that the company founded by Elon Musk declared its investment in bitcoin almost immediately to the SEC. There is no record of Facebook reporting to the SEC that it has invested in bitcoin, and since it has been almost a month since the end of the first quarter of 2021, it would seem strange that the company is only now publicly disclosing its investment.

Facebook, investment in Bitcoin awaiting confirmation

Therefore, many are skeptical about the rumors reported by Milne, not least because no confirmation of any kind with respect to this hypothesis.

Therefore, it would not be a surprise if Facebook did not declare today that it has invested in bitcoin at all, although it would not be a surprise if it confirmed this hypothesis either.

Facebook entered the cryptocurrency market two years ago, in 2019, when it announced that it was working on a blockchain-based stablecoin (Libra, which would later become Diem). This project, although not a cryptocurrency, is in a way very similar to, for example, Tether or USD Coin, and denotes a clear interest of the company in these technologies.

In fact, after finding out that Elon Musk himself and PayPal CEO Dan Schulman also bought bitcoin, it's hard to imagine someone like Mark Zuckerberg didn't. So it would also be fair to imagine that the company you currently run could have done it.

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