Tesla’s Bitcoin Buy Comes As Earlier Large Investors Retreat

Philip Gradwell is Chief Economist at Chainalysis.

He provides data and insight on the uses of cryptocurrencies and the direction of the market at markets.chainalysis.com.

On 8 February, Tesla disclosed in an SEC filing that it had “invested an aggregate USD 1.50 billion in bitcoin” following the meeting of its Audit Committee in January 2021.

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