Elon Musk’s Tesla Up Over $1 Billion On Bitcoin Investment
Elon Musk’s Tesla is now over $1 billion in the green on its Bitcoin investment as the price nears $58,000 for the first time since early May.Elon Musk’s Tesla is now over $1 billion in the green on its Bitcoin investment as the price nears $58,000 for the first time since early May. Tesla holds about 42,902 BTC, worth nearly $2.5 billion at the time of writing. The company bought roughly $1.5 billion worth of Bitcoin back in February when it first added Bitcoin to its balance sheet. In Q2, Tesla sold 10% of its Bitcoin holdings at an average price of around $50,000 per token. CEO Elon....
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Elon Musk’s multi-billion dollar company, Tesla, has announced a $1.5 billion bitcoin investment in a filing with the SEC. The post It’s Happening: Tesla Buys $1.5 Billion Of Bitcoin appeared first on Bitcoin Magazine.
David Schwartz, CTO at payment solution company Ripple, weighted in on Elon Musk’s attempts to buy Twitter. The CEO at Tesla made a bid to take over the social media platform valued at over $40 billion. Related Reading | Ripple Distributes 1 Billion XRP In Developer Grants, As Chief Developer Resigns Musk argues, amongst other things, […]
Elon Musk, the CEO of Tesla and SpaceX and one of the most influential crypto proponents, recently bought Twitter for $44 billion, stirring up a lot of debates and opinions across the internet. There’s considerable speculation surrounding Musk’s intentions for Twitter. While nothing is certain, we do know that changes often impact a lot of […]
Tesla CEO Elon Musk recently bought a 9.2% stake in Twitter, making him the largest stakeholder in the social media firm. Whenever Elon Musk does something on Twitter, the crypto market moves in response. Publishing a tweet, changing his profile picture or adding “#Bitcoin” on his bio affects the markets — the latter even more so, sending Bitcoin (BTC) price up by 20%. This is why the community lies in anticipation of what Musk‘s Twitter investment could mean for the crypto industry.Recent filings show that Tesla CEO Elon Musk purchased a 9.2% stake on Twitter. This makes him the largest....
The $258 billion lawsuit filed against Elon Musk, Tesla, and Spacex over their dogecoin promotion has expanded with new defendants and DOGE investors added. The plaintiffs allege that the meme cryptocurrency dogecoin is a Ponzi scheme, emphasizing that Musk and his companies “falsely and deceptively claim that dogecoin is a legitimate investment when it has no value at all.”
New Defendants and Plaintiffs Added to Lawsuit Against Elon Musk Over Dogecoin
An amended complaint to the $258 billion lawsuit against Elon Musk, Tesla, and Spacex was filed Tuesday in....