Tesla’s $1.5bn Bitcoin bet – With insights from The ... - BizNews

Feb 9, 2021 · The added wrinkle with Tesla is the plan to accept bitcoin from customers. Few companies now accept bitcoin directly as payment; Overstock.com Inc. is among the few that …

$1
OFF

Tesla’s $1.5bn Bitcoin Bet – With Insights From The ... - BizNews

2 weeks from now

Feb 9, 2021 · The added wrinkle with Tesla is the plan to accept bitcoin from customers. Few companies now accept bitcoin directly as payment; Overstock.com Inc. is among the few that …

biznews.com

$1
OFF

Tesla Stops Accepting Bitcoin, Hits Crypto - Insights From ... - BizNews

2 weeks from now

May 13, 2021 · Tesla earlier this year began to accept the cryptocurrency as payment for products sold in the U.S. The company also made a big financial bet on bitcoin when it bought $1.5 …

biznews.com

$1
OFF

Tesla Announces $1.5 Billion Bitcoin Bet, Makes Payments Pledge

2 weeks from now

Tesla Inc said on Monday it had invested around $1.5 billion in bitcoin and expected to begin accepting payment for its cars and other products with it in the near future, prompting a more …

reuters.com

$1
OFF

Tesla’s Bitcoin Holdings Top $1B – Will Elon Musk Cash Out?

2 weeks from now

Nov 12, 2024 · Tesla’s Bitcoin investment has reached a $1 billion valuation. The news comes three years after Elon Musk’s company invested $1.5 billion in cryptocurrency. Tesla moved …

ccn.com

$1
OFF

Tesla's Elon Musk Bet Billions On Bitcoin. Has It Paid Off?

2 weeks from now

Feb 8, 2022 · Tesla had invested $1.5 billion in bitcoin in early February 2021. This large investment considered one of the biggest brand endorsers of bitcoin had contributed to the …

thestreet.com

$1
OFF

Tesla Bitcoin Holdings Reclaim $1 Billion Threshold By U.Today

2 weeks from now

Nov 12, 2024 · U.Today – Even after about three years since it placed its bet on (BTC), Elon Musk’s electric vehicle manufacturer, Tesla (NASDAQ:), is still reaping the benefits of this bet. …

biznewsportal.com

$1
OFF

Tesla's Bitcoin Bet Pays Off: Investment Surpasses $1 ... - GuruFocus

2 weeks from now

Nov 14, 2024 · Tesla's early investment not only brings financial benefits but also spurs further institutional interest as the technology matures. Tesla's long-term bet on Bitcoin, seeing its …

gurufocus.com

$1
OFF

Tesla's Billion-dollar Bitcoin Bet May Be Under Water As Crypto …

2 weeks from now

May 12, 2022 · Cryptocurrencies continued tumbling on Thursday, imperiling Tesla's billion-dollar bitcoin bet. Tesla bought $1.5 billion of the cryptocurrency in 2021 and held on as it soared to …

yahoo.com

10%
OFF

Bitcoin Hits New High As Tesla Reveals $1.5bn Investment

2 weeks from now

Feb 8, 2021 · Bitcoin has jumped more than 10% to a record high after Tesla said it had invested $1.5bn (£1.09bn) in the cryptocurrency and would soon start accepting it as a form of payment …

sky.com

$1
OFF

Bitcoin Rallies As Tesla Invests $1.5bn; Will Accept Crypto ... - BizNews

2 weeks from now

Feb 8, 2021 · Bitcoin continues to reach new all time highs following Tesla’s securities and exchange commission filing announcing the $1.5bn purchase to the US market watchdog. …

biznews.com

$1
OFF

What Tesla’s $1.5 Billion Bet On Bitcoin Means For Crypto Legitimacy

2 weeks from now

Feb 17, 2021 · Elon Musk, the billionaire chief executive of electric car-maker Tesla, recently announced his company had bought US$1.5 billion (A$1.9 billion) worth of Bitcoins. Since …

unsw.edu.au

$1
OFF

Why Bitcoin Fans Hope Tesla's $1.5bn Bet Will Unlock A …

2 weeks from now

Feb 9, 2021 · Saylor, whose $1.1bn investment in Bitcoin last October has almost trebled since then, is believed to have been the one to push Musk to convert some of Tesla’s holdings into …

telegraph.co.uk

35%
OFF

Tesla’s Big Bitcoin Bet Could Come Back To Bite The EV Maker

2 weeks from now

Feb 10, 2021 · Tesla’s big bitcoin bet. Tesla’s revelation Monday that it bought $1.5 billion worth of bitcoin has already paid off for the electric vehicle maker, with its holdings growing by 35% …

yahoo.com

$1
OFF

Elon Musk Could Face SEC Probe Over Tesla’s $1.5bn Bitcoin Bet

2 weeks from now

Feb 9, 2021 · Billionaire tech mogul Elon Musk could face the wrath of regulators after ramping up the price of bitcoin just days before Tesla revealed a $1.5bn (£1.1bn) bet on the …

telegraph.co.uk

$1
OFF

Flash Briefing: Tesla, Musk Power Up Bitcoin; Nedbank ... - BizNews

2 weeks from now

Feb 8, 2021 · Tesla, founded by South Africa born Elon Musk, on Monday said it has invested $1.5bn in bitcoin, and that it may accept the cryptocurrency as payment for its products in the …

biznews.com

$26
OFF

MicroStrategy's $26bn Bitcoin Bet Pays Off Big - BizNews

2 weeks from now

Nov 17, 2024 · Michael Saylor’s bold move to convert MicroStrategy’s treasury into Bitcoin has catapulted the company into the top tier of global corporate asset holders. With $26 billion in …

biznews.com

FAQs about Tesla’s $1.5bn Bitcoin bet – With insights from The ... - BizNews Coupon?

Should Tesla bet on Bitcoin?

Tesla's long-term bet on Bitcoin, seeing its value approach all-time highs, reaffirms the wisdom of retaining a large portion of its cryptocurrency investment. As more companies follow suit, Bitcoin's role as a corporate asset increases. This article first appeared on GuruFocus. ...

Did Tesla invest $1.5 billion in Bitcoin?

The company disclosed in February that it used some of its available cash to invest $1.5 billion in bitcoin. Tesla on Monday reported a record quarterly profit, disclosing it had sold 10% of its bitcoin stake, netting a $101 million profit on those sales. ...

Did Bitcoin just pass Tesla's value?

What Happened: Bitcoin briefly passed the value of Tesla on Thursday morning. Bitcoin had a market capitalization of $717 billion, which would make the cryptocurrency the sixth most valuable company in the world according to AssetDash if it was a publicly-traded company. "9 out of 10 trades are winners!" ...

Did Tesla buy more bitcoin (XBT)?

That’s probably fallen considerably, as the value of bitcoin (XBT) is down about 10% this month – trading at $54,700 Wednesday. Prices reached nearly $65,000 earlier this month, and Tesla may have sold additional holdings at a higher price. Or it may have purchased more bitcoin (XBT) at that higher price. ...

Does Tesla own bitcoin?

According to BitcoinTreasuries, Tesla holds the fourth-largest stash of Bitcoin among U.S. public companies. Only MicroStrategy and crypto mining giants like MARA Holdings and Riot Platforms hold more. Tesla’s Bitcoin holdings, though substantial, still make up less than 1% of the company’s total $705 billion market cap. ...

How did Tesla's announcement affect bitcoin?

Tesla's announcement this morning propelled the cryptocurrency to a new record, and it almost touched $44,000. As of this writing, Bitcoin was changing hands at $43,578, up 13.40% from a day earlier. The volatility of cryptocurrency markets works both ways, however. ...