It also noted it may soon accept bitcoin as payment for its cars. https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html Elon Musk and his company Tesla caused a sensation in the cryptocurrency market when they announced that they had bought around $1.5 billion in bitcoins in January 2021. https://insidebitcoins.com/bitcoin-robot/elon-musk-bitcoin-systems The billionaire added he hasn't sold any of his personal bitcoin holdings. This material may not be published, broadcast, rewritten, or redistributed. The implications of Elon Musk’s purchase on bitcoin’s climate narrative, other Fortune 500 treasury management strategies and more. Elon Musk Owns Bitcoin and Has Not Sold Any The news of Tesla selling some of its bitcoins went viral on social media and many people on Twitter are upset with Elon Musk… Elon Musk’s love for cryptocurrencies remains undefeated. One such coin which amazed the crypto masses with its 800% surge was Dogecoin.. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Musk did not specify any particular coin in the tweet, but it did spark a thread in which users referred to cryptocurrencies they believe are on the up, such as Bitcoin and Dogecoin. On February 8, electric car maker Elon Musk revealed Tesla’s (NASDAQ:TSLA) US$1.5 billion investment in Bitcoin. MicroStrategy CEO Michael Saylor thinks his tweets to Elon Musk deserve some credit for inspiring Tesla’s blockbuster investment in bitcoin. Tesla has already booked a $1 billion paper profit on the surprise Bitcoin investment it disclosed just two weeks ago, a Wall Street analyst says — even as chief executive Elon Musk said over… Please consider using a different web browser for better experience. MicroStrategy this week announced plans to raise $900 million through a convertible debt sale, saying it would use the proceeds to buy more bitcoin. “The keyword is ‘almost’.”, Varney: Red states get a bigger voice in Congress, SpaceX to occupy waterfront facility in Long Beach, California, Chiefs player who converted entire salary to bitcoin 'OK' with volatility of crypto, Kansas City Chiefs player converts full salary into bitcoin, Restaurants struggling amid worker shortage: Jon Taffer, Today's mortgage refinance rates stick near monthly lows | April 27, 2021, Today's mortgage rates idle near historic lows for 3 days | April 27, 2021, Why you should consider refinancing private student loans, 4 money strategies to help improve your finances. Bitcoin prices shot past the £32,022 ($44,000) mark today (February 8) as it was announced Tesla invested heavily into the volatile crypto token. Real interest rates are negative when the rate of inflation exceeds the nominal interest rate. But Tesla made an even bigger splash when it revealed in an SEC filing earlier this year that it had invested $1.5 billion of its cash in bitcoin… Tesla Inc. CEO Elon Musk said the inability to receive a return on his company’s cash was behind the decision to buy $1.5 billion of bitcoin. On February 8, 2021, Tesla disclosed in a securities filing that the company had purchased $1.5 billion worth of Bitcoin, an astronomical sum … It was on December 20th that Musk tweeted a somewhat … The 10-year real yield was around -0.8% on Friday while the 30-year real yield turned positive. ILHAN OMAR'S FINANCIAL TRANSACTION TAX WOULD HURT MAIN STREET: GAMESTOP HEARING EXPERT. Tesla said it may invest more of its cash in digital assets, gold bullion, gold exchange-traded funds and other assets. Ended 2020 with $ 19.38 billion in cash and cash equivalents, as spiked! 19.38 billion in cash and cash equivalents, as noted in an SEC.. 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