Or maybe even buy more Bitcoin than they need? It seems to have worked out well for Tesla so far.
As Matt Levine pointed out yesterday, a mainstream company can make money by buying Bitcoin and then making an announcement that sounds like they're going to use it. (It doesn't matter whether that plan works out or not, as long as the price of Bitcoin goes up.)
For Paypal, getting their own customers to buy Bitcoin (that they already own) would be a way of hedging, if they're long Bitcoin to begin with.
IMO Tesla tries to get around China currency controls and lets people in China buy Teslas with bitcoin. I guess that is part of the reason why Tesla was hauled in front of the Chinese government recently. It is a good idea if it works out.
As Matt Levine pointed out yesterday, a mainstream company can make money by buying Bitcoin and then making an announcement that sounds like they're going to use it. (It doesn't matter whether that plan works out or not, as long as the price of Bitcoin goes up.)
For Paypal, getting their own customers to buy Bitcoin (that they already own) would be a way of hedging, if they're long Bitcoin to begin with.