The publicly listed firm Tesla has announced in a Securities and Exchange Commission (SEC) Form 10-k filing that the company has purchased $1.5 billion worth of bitcoin. When the news broke, the price of the leading crypto asset jumped well over 15%, touching a new all-time price high at $44,899 per coin.
Elon Musk talks about a lot of things on Twitter, but Tesla Inc.’s disclosure Monday about the company’s investment in bitcoin casts new light on a series of tweets he made about the cryptocurrency in December.
Among other bitcoin-related tweets on Dec. 20, the Tesla chief executive used his Twitter account to post an explicit meme showing what appears to be a bearded monk with the words “Me trying to live a normal productive life” pasted over him. The monk is standing near a woman with the word bitcoin pasted over her.
That graphic elicited a response from Michael Saylor, founder and chief executive of MicroStrategy Inc., a publicly traded enterprise-software company that has invested in bitcoin and made it the company’s reserve asset.
Other news:
Pro-bitcoin U.S. Senator Cynthia Lummis has been appointed to the Senate banking committee. She has been talking to Janet Yellen and has outlined her plans to help the new Treasury Secretary and other U.S. lawmakers understand that bitcoin is a great store of value. Lummis says that Yellen has an open mind on this topic even though she currently thinks that cryptocurrencies are mainly used for illicit financing.
Billionaire hedge fund manager Bill Miller’s flagship fund will soon be able to add bitcoin exposure by investing in Grayscale’s bitcoin trust (GBTC), according to its filing with the U.S. Securities and Exchange Commission (SEC). The fund currently has about $2.25 billion in assets under management.
P.S. don't judge me strictly, coz it was a first experience in drawing)
Elon Musk talks about a lot of things on Twitter, but Tesla Inc.’s disclosure Monday about the company’s investment in bitcoin casts new light on a series of tweets he made about the cryptocurrency in December.
Among other bitcoin-related tweets on Dec. 20, the Tesla chief executive used his Twitter account to post an explicit meme showing what appears to be a bearded monk with the words “Me trying to live a normal productive life” pasted over him. The monk is standing near a woman with the word bitcoin pasted over her.
That graphic elicited a response from Michael Saylor, founder and chief executive of MicroStrategy Inc., a publicly traded enterprise-software company that has invested in bitcoin and made it the company’s reserve asset.
Other news:
Pro-bitcoin U.S. Senator Cynthia Lummis has been appointed to the Senate banking committee. She has been talking to Janet Yellen and has outlined her plans to help the new Treasury Secretary and other U.S. lawmakers understand that bitcoin is a great store of value. Lummis says that Yellen has an open mind on this topic even though she currently thinks that cryptocurrencies are mainly used for illicit financing.
Billionaire hedge fund manager Bill Miller’s flagship fund will soon be able to add bitcoin exposure by investing in Grayscale’s bitcoin trust (GBTC), according to its filing with the U.S. Securities and Exchange Commission (SEC). The fund currently has about $2.25 billion in assets under management.
P.S. don't judge me strictly, coz it was a first experience in drawing)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.