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Some members of the online crypto community have been discussing the possibility that social media giant Facebook has Bitcoin on its balance sheets.
Investor Alistair Milne said on Twitter that there is a rumour about Facebook owning a large number of Bitcoin. According to unknown sources, Facebook will announce the purchase after it releases its quarterly earnings on Wednesday April 28 after trading hours.
Should Facebook confirm the ‘bullish’ rumour that it has Bitcoin on its balance sheets, it will undoubtedly set off a new Bitcoin rally. Just as when Elon Musk confirmed a $1.5 billion purchase made by Tesla earlier in the year.
Facebook owning Bitcoin does not sound too crazy. The company is currently making a second attempt at entering the crypto space with its USD pegged currency Diem. Their first attempt with Libra has so far turned out unsuccessful.