Twitter Bid: Musk and Dorsey Form Unexpected Alliance


Elon Musk and Jack Dorsey appreciate each other and do not hide it. You could even say they are buddies.

The two billionaires have many things in common. They are both bitcoin evangelists. Tesla  (TSLA) – Get Tesla Inc Report, the electric-vehicle maker co-founded and run by Musk, has 43,200 bitcoins on its balance sheet, at last check valued at $1.71 billion, according to Bitcoin Treasuries. Block  (SQ) – Get Block Inc Class A Report, the fintech formerly known as Square and founded by Dorsey, on its balance sheet holds 8,027 bitcoins valued at $317.3 million.

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