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Sequoia to Pay Interested Employees in Bitcoin

Sequoia to Pay Interested Employees in Bitcoin News provided by Share this article Share this article RESTON, Va., Jan. 21, 2021 /PRNewswire/  Sequoia Holdings LLC has begun offering employees the option to receive a portion of their salary in cryptocurrencies like Bitcoin. We re excited to offer the members of our team this new benefit, said T. Richard Stroupe, Jr., co-founder and CEO of Sequoia. Many of our employees are enthusiastic supporters of cryptocurrency, and we re happy to help them gain exposure to this trillion-dollar asset class. Under the new program, Sequoia employees may elect to defer a portion of their salary into Bitcoin, Bitcoin Cash, or the Ethereum platform s ether. The company is partnering with a third-party payroll processing firm to withhold taxes and convert the remainder into cryptocurrency, which will be held in a digital wallet administered by the payroll processor.

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