Tesla Boots the Bitcoin Bandwagon Closer to Corporate America
- Other corporate treasurers will invest in Bitcoin: Fundstrat
- Bitcoin surged to a record Tuesday after Tesla investment
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Tesla Inc.’s purchase of $1.5 billion in Bitcoin may have forced cryptocurrencies onto the agenda of corporate treasurers worldwide.
While crypto acolytes have been saying for some time that corporate adoption is imminent, in reality it had been limited to firms such as MicroStrategy Inc. and Square Inc. Tesla getting involved -- the fourth biggest company in the S&P 500 and helmed by the world’s richest man -- brings the discussion to the big leagues.