Tesla’s initial BTC purchase contributed to a wild, two-year price climb. But markets were unfazed after the car company offloaded most of its bitcoin.
The electric car maker became a proxy for investors looking to take a position in the cryptocurrency without buying it directly, but its recent jettisoning of $936 million of...
Quantum Economics Bitcoin Analyst Jason Deane discusses how bitcoin and the wider crypto markets are digesting the impact of Tesla’s bitcoin sales and Thursday’s decision by t...
Electric car maker Tesla sold $936 million worth of bitcoin, or 75% of its holdings, in the second quarter to maximize its cash position, CEO Elon Musk said. He added that “we...
The price of bitcoin fell about 1.7% following the news but regained its losses after CEO Elon Musk said Tesla was open to boosting its bitcoin exposure in the future.
CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the legal and regulatory implications of Tesla CEO Elon Musk’s termination of buying Twitter. Plus,...