Tesla & Elon Musk Buy 1.5 Billion of Bitcoin - THE FUTURE

Tesla announced Monday it had bought $1.5 billion worth of bitcoin. 1.5 billion is about 15% of Teslas’ cash. According to its most recent filing, the company had more than $19 billion in cash and cash equivalents on hand at the end of 2020. Most investors and companies slowly dip their toe in the water with 1-2% allocations, but Elon went heavy with the double-digit allocation from day one.

The announcement of Tesla’s purchase led to a $5,000+ move in the Bitcoin price. If we assume a $35,000 purchase price over the last few weeks, Tesla would be up approximately 25% on the $1.5 billion purchase already.

Tesla’s stock is up about 2% this morning, which is a gain of about $15 billion in market cap.

But what does all this mean? Watch & Find Out!

Видео Tesla & Elon Musk Buy 1.5 Billion of Bitcoin - THE FUTURE канала Jack Hoskins