Bitcoin bet is golden for Tesla: $1.5B buy now worth $2.5B

The company disclosed in February that it used some of its available cash to invest $1.5 billion in bitcoin. That’s probably fallen considerably, as the value of bitcoin is down about 10% this month — trading at $54,700 Wednesday. The company made the bitcoin investment because it was looking for something to do with its […]

Your primer on bitcoin, ethereum, and other most common cryptocurrencies

Meanwhile, major companies are jumping on the bandwagon: Tesla announced earlier this year that customers may buy vehicles with bitcoin. That’s a key difference between bitcoin and traditional fiat currencies like the US dollar or the euro, which are controlled by central banks. It’s also prone to wild swings in value, so it may not […]