Tesla buys $1.5 billion in Bitcoin

[mk4]

Invest in bitcoin and THEN pump it.  All of a sudden your company is worth more than it was before.  that is cheating.

Since Tesla, Inc. is a public company and has a crap ton of investors around the world, they're required to report their financials. So they pretty much had to mention their Bitcoin purchase in their recent SEC filing[1] taking note that $1.5 billion is a significant amount of money.

[1] https://www.sec.gov/ix?doc=/Archives/edgar/data/1318605/000156459021004599/tsla-10k_20201231.htm

[LFC_Bitcoin]

Elon is a sly dog, shilling DOGE on Twitter to create a diversion whilst he quietly accumulates bitcoin. This is the start of the institutional run to bitcoin. Bezos next maybe? This is just the start of this bull run, it’s going to be epic boys & girl!

[ene1980]

This is for all naysayers who said BTC will never reach $100K, I'm more positive than ever, but first $50K!

What does it have anything to do with Tesla or other private companies investing billions. The price will rally on hearing these news and you need to be careful as you never know when they will be booking the profit. I am also looking for an opportunity to book my profit and and so does everyone in the market and will see how long this rally will last  .

[rhomelmabini]

Well, the hint was probably been laid here: https://www.twitter.com/elonmusk/status/1340581313406001153 and I think this isn't a single transaction cause if it did then congratulations to the lucky miner that can mined this block, but I think it's a series of buy-ins. Wondering if we really need some TA or just Elon? This is a great news and hello $50k maybe in the coming days or next week. #HODL

[tokeweed]

https://twitter.com/cz_binance/status/1358762501056303106?s=20
CZ 🔶 Binance
@cz_binance
"Massive incoming traffic. Some lags observed in some regions. Auto scaling. Should catch up soon. All because of Elon."
Elon Musk breaks crypto-exchanges))
And I don't want to think badly about Elon Musk, but he became the largest shiller of cryptocurrencies in the last month.

And he postponed Alt Szn...  Twice!  FU Elon Musk. 

Seriously tho, shit just got real.  I think it removes all doubt about BTC and how some people, economists even..  you know smart people, say that it’s just a fad.  Damn...

[rdbase]

So maybe Elon was already buying btc and doge even before the time that he was tweeting about crypto. And now, we are hearing that they just invested in bitcoin. I believe he also has a bunch of doge in his crypto portfolio and other important alts. Really great news to the crypto community, big boost in bitcoin price, finally surpassing the 41k mark.

Every tweet he has done have had an effect or moved these markets of those assets either in a positive or a negative way.
So there is not denying that he does have an influence on anything he mentions about on his platforms or in podcasts.
I think cointelegraph said upon this news breaking it had caused bitcoin to break it's all time high.
I wonder what doge is at now since there was supposedly a superbowl commercial of it with his voice over in the background.
I first thought it was a parody made by a youtuber but then some people have said they saw the advert on their feed.
So don't know what to believe now.

[BrewMaster]

Elon Musk has been buying bitcoin for a very long time, not to mention that it is not possible to buy $1.5 billion worth of bitcoin and not see the price go up at least $10k. the market is big but not $1.5 billion big. on most exchanges it would have only taken a couple of millions to break the $40k resistance.

in any case this is another thing with bitcoin, a lot of rich people have been buying bitcoin for years without letting anyone know it. Elon Musk is only one of many who made his actions public. there are lots more that not only never let anyone know but also spread FUD about bitcoin because it is extremely difficult to buy billions of dollars worth of bitcoin and not force the price to go up.

[acroman08]

kudos to Elon. quite a big move and a huge risk for his company. that being said this event is great publicity for bitcoin. Elon fanatics that haven't thought of investing in bitcoin might consider it now.

[mk4]

Elon is a sly dog, shilling DOGE on Twitter to create a diversion whilst he quietly accumulates bitcoin. This is the start of the institutional run to bitcoin. Bezos next maybe? This is just the start of this bull run, it’s going to be epic boys & girl!

While I think that people are a bit too market-ignorant to blindly follow the shills of big names on Twitter(Elon, Winklevi, etc), I really didn't like their shilling of DOGE. If they were to shill an asset, at least shill something that's not a meme, and something that they actually have their money in.

Elon Musk has been buying bitcoin for a very long time, not to mention that it is not possible to buy $1.5 billion worth of bitcoin and not see the price go up at least $10k. the market is big but not $1.5 billion big. on most exchanges it would have only taken a couple of millions to break the $40k resistance.

It's most definitely OTC though. The same way Michael Saylor's MicroStrategy did it.

[hd49728]

Though $TSLA's marketcap is a whopping $807 billion, a $1.5 billion allocation to bitcoin with their $19.3 billion cash on hand is definitely nothing to scoff at. That's a 7.77% allocation. Hot damn.

GMO, a Japanese company in 2017 accepted bitcoin and paid salary in bitcoin.
https://www.theguardian.com/technology/2017/dec/15/japanese-company-paying-employees-bitcoin

Buy real estate with Bitcoin in Dubai, in 2017.
https://www.cnbc.com/2017/09/05/dubai-real-estate-project-first-to-be-priced-in-bitcoin-michelle-mone.html

The investment and Tesla acceptance for bitcoin is big but intrinsically it is used same as GMO and Aston Plaza and Residences news.

[rdbase]

Elon is a sly dog, shilling DOGE on Twitter to create a diversion whilst he quietly accumulates bitcoin. This is the start of the institutional run to bitcoin. Bezos next maybe? This is just the start of this bull run, it’s going to be epic boys & girl!

While I think that people are a bit too market-ignorant to blindly follow the shills of big names on Twitter(Elon, Winklevi, etc), I really didn't like their shilling of DOGE. If they were to shill an asset, at least shill something that's not a meme, and something that they actually have their money in.

Elon Musk has been buying bitcoin for a very long time, not to mention that it is not possible to buy $1.5 billion worth of bitcoin and not see the price go up at least $10k. the market is big but not $1.5 billion big. on most exchanges it would have only taken a couple of millions to break the $40k resistance.

It's most definitely OTC though. The same way Michael Saylor's MicroStrategy did it.

Did you like the doge commercial somebody made with Elon's voice explaining how it will be the currency of the earth?

Here is a bit of fun before the BTCig game begins in 5 hours from now!
Dogecoin Superbowl 2021 commercial

https://www.youtube.com/watch?v=pOwIYikCawk
Elon musk says: Dogecoin.. the currency of the earth.. in the Future!

He does like to troll his followers hard though.
I'll give em that.

[AakZaki]

I don't expect Tesla to do this. But Elon Musk has been playing on his twitter lately and talking about cryptocurrencies like DOGE and BITCOIN. Even had time to write #bitcoin on his twitter bio and then delete it.
Tesla provides FOMO on the current Bitcoin market. Bitcoin is able to hit new ATHs again and again. this will be new history. $ 50,000 would be easy to get to and Bitcoin is on the hype right now.

[mk4]

The investment and Tesla acceptance for bitcoin is big but intrinsically it is used same as GMO and Aston Plaza and Residences news.

Sure. It's just a far bigger deal in Tesla's case because it's well known to almost anyone that Elon Musk is one of the biggest innovators in our age, to the point that some people are dubbing him as the "real life Iron Man". And the fact that he not only acknowledged bitcoin, but also bought BTC with Tesla Inc., and accepts bitcoin payments? Ginormous effect.

[pinggoki]

The investment and buying of Elon and the Tesla company a approximate 1.5 billion was really a huge impact in the market as we can see that the bitcoin soar high of around $44,000 and one of the primary reason was the investment of the Tesla. They also said that starting on monday, they will be accepting a bitcoin as a payment method on every product that they are making. This was really a huge news that shakes the entire crypto community.

[Argoo]

I don't expect Tesla to do this. But Elon Musk has been playing on his twitter lately and talking about cryptocurrencies like DOGE and BITCOIN. Even had time to write #bitcoin on his twitter bio and then delete it.
Tesla provides FOMO on the current Bitcoin market. Bitcoin is able to hit new ATHs again and again. this will be new history. $ 50,000 would be easy to get to and Bitcoin is on the hype right now.

Yes, apparently Bitcoin in the near future will rise in price to at least $ 45,000, or even up to $ 50,000. And this may happen in the next few days. Elon Musk has not previously said anything about the intention of his car company Tesla to buy bitcoins, especially for such a large amount. If he wrote the word "bitcoin" and in a few hours it quickly rose in price, and this could be taken as a joke, then the purchase of bitcoins worth $ 1.5 billion is no longer a joke.

[okissabam]

Apparently Elon Musk has been the reason why bitcoin is soaring high and has reached a new ATH again today. Maybe he is really interested in cryptocurrencies and may see it in the future that it could be of use to everyone. I mean it’s not a joke to buy bitcoin worth $1.5Billion you know.

[Slow death]

when I saw this price increase I went to see the news and as I didn't have much time to read I just saw the title of the news, but I kept asking myself:

did they buy bitcoin today, yesterday or last week?

after i had time i went to read the article and still i still don't understand if they will already buy bitcoin or do they plan to buy bitcoin?

"Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt."

Did he mean they bought bitcoin in January? if that's the case why the hell today did the price go up so much? will pump and dump? because I am not seeing so much money in the market to support this price level if Tesla did not buy bitcoin today

[dupee419]

No doubt that Elon is this powerful to actually move the price on his own, by his influence, just like Dogecoin is right now, so does Bitcoin, of course I can never say it's all him since we also have investors and buyers who seem to love Bitcoin, the price would definitely increase more as days passes by, just imagine Tesla itself buying that amount of Bitcoin is just crazy, and it definitely is good for the market.

[ancafe]

No wonder the price of bitcoin is rising at this time, it turns out that Elon Musk is eyeing bitcoin as an investment place. i think the increment could be higher than this. well, nowadays Elon Musk is in the spotlight in the world, and is really influencing the crypto world. I thought that Elon Musk would invest a lot in DOGE, it turns out that his first goal in crypto is bitcoin. Well, this will really strengthen bitcoin prices in the future. even more so if he plans to combine crypto and Tesla technology.

[age7393]

Yes, whoever turned out to be clever could of course make very good money on this, I advise you to follow all this movement!