Tag: tesla bitcoin
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Tesla’s bitcoin holdings grew to $2.5 billion in the 1st quarter, SEC filings show
Tesla and its Manager Elon Musk have been key drivers of bitcoin-mania NurPhoto/Getty Images Tesla's bitcoin holdings were worth $2.48 billion at the end of the year, SEC filings show.The electrical vehicle manufacturer originally purchased $1.5 billion of bitcoin in January and now takes the cryptocurrency for a kind of payment because of its products.Tesla…
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Elon Musk says Tesla sold 10% of its bitcoin to show it’s a good alternative to cash – but he isn’t selling his personal holding
Tesla CEO, Elon Musk. Frederic J. Brown/Getty Images Elon Musk said Tesla sold 10 percent of its own bitcoin holdings to show it's a good alternative to cash. The billionaire added he hasn't offered any of his personal bitcoin holdings. Tesla beat Wall Street expectations for profit on Monday, but fell short on earnings. Sign…
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Wedbush says Tesla’s bitcoin investment will spark further corporate adoption – and highlights 4 stocks already poised to gain from the crypto boom
Amy E. Price/Contributor/Getty Images Tesla has paved the way for more corporations to go down the path to owning and accepting bitcoin, according to Wedbush. The company states current bitcoin mania isn’t a”fad,” but the start of a new era of digital currency. PayPal, Square, Mastercard, and Visa could benefit in the crypto boom, Wedbush…