Copy link
Increase text size
Decrease text size
Link copied

Time intends to hold the Bitcoin (BTC) it will receive as payment for producing a crypto video series

Grayscale will pay Time Magazine in Bitcoin (BTC) for the production of an educational video series on crypto assets.

Image by PIRO4D from Pixabay

Tue, 13 Apr 2021, 07:14 am UTC

Time Magazine appears to be following the footsteps of other American firms that have entered the crypto space. The New York-based magazine has agreed to be paid in Bitcoin for making educational crypto videos.

Grayscale CEO Michael Sonnenshein announced that his firm has entered into a partnership with Time Magazine on April 13,” Cointelegraph reported. The partnership aims to produce a video series that will discuss crypto assets.

Sonnenshein added that Time President Keith Grossman will be paid in Bitcoin for producing the education crypto video series. The Grayscale CEO added that Time won’t be converting the BTC into dollars but will keep the crypto on its balance sheet.

“Thrilled @Grayscale is partnering w/ @TIME on a new video series coming this summer explaining the #crypto space,” Michael Sonnenshein posted on Twitter. “Equally as important, @KeithGrossman & @TIME has agreed to be paid in #Bitcoin - and will hold the $BTC on their balance sheet. A first for our media partnerships!”

Time’s decision to accept Bitcoin and keep the crypto in its balance sheet mirrors the action of other firms that have invested in BTC as early as last year. For instance, MicroStrategy, Tesla, and Square have substantial Bitcoin holdings as part of their reserve assets and as a hedge against inflation.

Three weeks ago, Time Magazine posted a job opening for the position of Chief Financial Officer. What’s interest in the job post was that it required the candidate to have “comfort with Bitcoin and cryptocurrencies” as one of the qualifications, which could suggest that the company might have some “intention of Bitcoin exposure in the near future,” according to

The magazine also made a few crypto-related announcements recently. Last March, Time turned some of its magazine covers into non-fungible tokens (NFT) before auctioning them off on OpenSea, according to CryptoBriefing. One of the NFTs fetched a price of $200,000 and was acquired by TRON CEO Justin Sun.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • christalice
  • 2021.04.30 12:44:06
I have seen and tried different strategies and methods, until I lost a lot of money trying it. It was not until I presented this new strategy that I started up again and managed to recover my lost money and still achieve constant growth in my trade. Mr Oliver Donald is an incredible professional, with vast experience and a deep knowledge of agricultural negotiation, he helps me to accept the financial sanction. I have earned over $54,000 within three months of trading with him. Do not hesitate to contact him because he is a good marketer to invest with when you want to invest in cryptocurrency.

* Invest $ 300 and earn $ 3,000 per week
* Invest $ 600 and earn $ 6,000 per week
* Invest $ 1,000 and earn $ 12,000 per week
* Invest $ 2,500 and earn $ 30,000 per week

all in weekly earnings and 100% guaranteed. (Guaranteed payments) Do not hesitate to contact Mr Oliver Donald if you are interested. email:  [email protected] . com    WhatsApp +1 (720) 466-3701  
  • 0
  • ·
  • 0
  • Bitcoin (btc) $56,112.00 (-2.57%)
  • Ethereum (eth) $4,039.08 (-3.53%)
  • Binance Coin (bnb) $661.51 (-0.58%)
  • XRP (xrp) $1.45 (-4.88%)
  • Dogecoin (doge) $0.497942 (+0.97%)
  • Bitcoin (btc) $56,112.00 (-2.57%)
May 11, 2021 (Tuesday)
BTC Surges by 1.01% Within 5 Mins, Marking 56,383.52 USDT
BTC Tops List Of Crypto Net Outflow With $782.18 Mln In Past 18 Hours
Crypto Market Sentiment On May 11: Market In "Greed"
TriumphX KTRIX Registered In Digital Asset Wallet Klip, To Support Send Tokens In KakaoTalk
BTC Surges by 1.09% Within 5 Mins, Marking 56,425.96 USDT
May 10, 2021 (Monday)
BTC Surges by 1.07% Within 5 Mins, Marking 56,137.8 USDT
BTC Drops by 1.32% Within 5 Mins, Marking 54,599.82 USDT
BTC Drops by 2.93% Within 5 Mins, Marking 54,113.6 USDT
BTC Surges by 1.02% Within 5 Mins, Marking 57,991.78 USDT
BTC Surges by 1.25% Within 5 Mins, Marking 57,203.8 USDT
ETH Tops List Of Crypto Net Inflow With $861.53 Mln In Past 18 Hours
CZZ's Wrapped Token HCZZ On HECO Launched On DogeSwap
TriumphX Signed Exclusive Contract With Metaverse NFT Artist 'RisingSun (Kim Il-dong)'
May 9, 2021 (Sunday)
BTC Drops by 1.13% Within 5 Mins, Marking 56,341.2 USDT
BTC Surges by 1.01% Within 5 Mins, Marking 59,088.8 USDT
May 8, 2021 (Saturday)
BTC Surges by 1.04% Within 5 Mins, Marking 58,789.89 USDT
BTC Drops by 1.13% Within 5 Mins, Marking 57,534.72 USDT
DOGE Tops List Of Crypto Net Inflow With $1.2 Bln In Past 18 Hours
Class ZZ Adds SHIB To Swap Section
BTC Surges by 1.39% Within 5 Mins, Marking 58,528.11 USDT
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.