Tesla buys $1.5bn of Bitcoin – BOL News Staging

Tesla Hunts For Showrooms, Service Centres in 3 Indian Cities

April 8, 2021 by Arhama Altaf

The auto-maker giant Tesla is reportedly hunting for new showrooms in three Indian cities – the capital New Delhi, Mumbai and Bengaluru.

According to sources, Tesla, back in January had registered a local company in India, where it will likely import and sell the Model 3 sedan by mid-2021.

The electric car maker is looking for properties around 20,000-30,000 square feet for the showrooms and service centres in India, sources added.

Back in October 2020, Elon Musk, the CEO of the car-maker, said on Twitter that the company will enter India in 2021 “for sure”.

Earlier, Tesla’s Chief Executive (CEO) Elon Musk has good news for those who are willing to buy the electric car.

Taking to Twitter, Elon Musk had revealed that a person can now buy a Tesla using Bitcoin, the world’s largest cryptocurrency.

“You can now buy a Tesla with Bitcoin,” he had tweeted.

The other tweet read, “Tesla is using only internal & open source software & operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.”

Tesla is using only internal & open source software & operates Bitcoin nodes directly.

Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.

— Elon Musk (@elonmusk) March 24, 2021

‘You Can Now Buy A Tesla With Bitcoin,’ says Elon Musk

April 2, 2021March 24, 2021 by Arhama Altaf

Tesla’s Chief Executive (CEO) Elon Musk has good news for those who are willing to buy the electric car.

Taking to Twitter, Elon Musk reveals that a person can now buy a Tesla using Bitcoin, the world’s largest cryptocurrency.

“You can now buy a Tesla with Bitcoin,” he tweeted.

The other tweet read, “Tesla is using only internal & open source software & operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.”

Tesla is using only internal & open source software & operates Bitcoin nodes directly.

Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.

— Elon Musk (@elonmusk) March 24, 2021

Earlier, Elon Musk, who had led Bitcoin’s price to soar by $1.5 billion, has witnessed a major loss after the shares of the automaker fall suddenly.

It was reported that Musk had lost a whopping amount of $27 billion, resulting in a historic loss after Tesla’s shares collapsed. However, his $156.9 billion net worth still ranks Musk at number 2 among the Billionaires.

According to reports, Jeff Bezos, the Chief Executive (CEO) of Amazon, has defeated Elon Musk as he topped as the world’s richest man.

Musk had previously ranked among the world’s 500 richest people and also left Bezos to fall with a remarkable gain of $210 billion in January 2020.

Investment In Bitcoin

Earlier, the cryptocurrency Bitcoin had broken a new record as its value has crossed $50,000. It hit a new high, surpassing $58,000. It continues to grow this year.

Since the beginning of January, Bitcoin’s value has increased by more than 90% and its total market value has reached one trillion dollars.

The reason for the recent rise in price is the acceptance of payments in this currency by Tesla and other major companies.

However, bitcoin had seen sharp fluctuations in prices since its introduction in 2009.

Bitcoin started the year with about 28,900. Then in January alone, its value exceeded 40,000 US dollars. But then at the end of January, it started to decline and at the end of the month, its price dropped to 30 thousand US dollars.

It picked up again and on February 16 it crossed the 50,000 marks and had continued to grow at a record high of $58,000.

Tesla’s Elon Musk revealed that his electric car maker had bought $1.5 billion worth of bitcoins and would use the currency as a payment to buy cars.

Bitcoin Continues Its Record-Breaking Run After Rising Above $60,000

March 13, 2021 by Arhama Altaf

World’s largest cryptocurrency Bitcoin has on Saturday hit a new high as it surpassed above $60,000 for the first time.

According to reports, Bitcoin continued its record-breaking run after it surged above $60,000.

Earlier, the cryptocurrency’s value had crossed $50,000. Since the beginning of January, its value has increased by more than 90% and its total market value has reached one trillion dollars.

The reason for the recent rise in price is the acceptance of payments in this currency by Tesla and other major companies.

However, bitcoin has seen sharp fluctuations in prices since its introduction in 2009.

Bitcoin had started the year with about 28,900, according to figures from the cryptocurrency news site CoinDesk.

Then in January alone, its value exceeded 40,000 US dollars. But then at the end of January, it started to decline and at the end of the month, its price dropped to 30 thousand US dollars.

It picked up again and on February 16 it crossed the 50,000 marks and continued to grow at a record high of $58,000 on Sunday.

The rise in the value of bitcoin is largely due to well-known companies that have started accepting payments in this currency.

Also, giant electric car-maker Tesla had bought $1.5 billion worth of Bitcoin and its value soared to an all-time high, breaking above $43,000 apiece after Tesla bought $1.5bn of the cryptocurrency.

The world’s largest cryptocurrency was trading 15% higher at $44,141 after Tesla’s announcement.

Elon Musk shattered after Tesla’s shares witness loss of $27 billion

March 6, 2021 by Arhama Altaf

Tesla’s CEO Elon Musk, who had led Bitcoin’s price to soar by $1.5 billion, has witnessed a major loss after the shares of the automaker fall suddenly.

Since Monday, Elon Musk has lost a whopping amount of $27 billion, resulting in a historic loss after Tesla’s shares collapsed. However, his $156.9 billion net worth still ranks Musk at number 2 among the Billionaires.

According to reports, Jeff Bezos, the Chief Executive (CEO) of Amazon, has defeated Elon Musk as he topped as the world’s richest man.

Musk had previously ranked among the world’s 500 richest people and also left Bezos to fall with a remarkable gain of $210 billion in January 2020.

You should invest in Bitcoin only if you are Elon Musk, says Bill Gates

February 27, 2021 by Arhama Altaf

The cryptocurrency bitcoin broke a new record last week and its value had crossed $50,000 after Tesla’s CEO Elon Musk had bought $1.5 billion worth of the crypto-currency.

Days after this announcement, Bill Gates, the world’s third-richest man after Elon Musk and Jeff Bezos took a shot at Elon Musk after he announced taking a $1.5 billion stake in Bitcoin.

“Elon has tons of money and he’s very sophisticated, so I don’t worry that his Bitcoin will sort of randomly go up or down,” Bill Gates said.

“I do think people get bought into these manias who may not have as much money to spare, so I’m not bullish on Bitcoin. My general thought would be that if you have less money than Elon, you should probably watch out,” he said.

The Microsoft’s founder, however, slammed Bitcoin as environmentally unfriendly, saying that cryptocurrency “happens to use a lot of energy” for the servers used to process transactions.

Earlier, Bitcoin’s price had soared to an all-time high, breaking above $43,000 apiece, after Tesla bought $1.5bn of the cryptocurrency.

The world’s largest cryptocurrency had started trading 15% higher at $44,141 after Tesla’s announcement.

“In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity,” reads the filing.

“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.”

It further added, “In addition to the bitcoin purchase, Tesla expects to begin accepting bitcoin as a form of payment for its products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt.”

Bitcoin hit a new high of $50,602 for first time

February 16, 2021 by Arhama Altaf

World’s largest crypto-currency Bitcoin has on Tuesday hit a new high of $50,602, and was last up 5% at $50,300.

Bitcoin has risen around 72% so far this year, with most gains coming after Tesla said it had bought $1.5 billion in bitcoin.

It also said it would accept the currency as payment.

“The recent market conditions and events both in the crypto space and the financial world at large put such a price movement within the realm of possibility,” said Jacob Skaaning of crypto hedge fund ARK36.

Earlier, Tesla had bought $1.5 billion worth of bitcoin. Its price soared to an all-time high, breaking above $43,000 apiece, after Tesla bought $1.5bn of the cryptocurrency.

The world’s largest cryptocurrency was trading 15% higher at $44,141 after Tesla’s announcement.

Tesla invests $1.5bn in Bitcoin causing the currency to spike above $43,000

February 8, 2021 by Arhama Altaf

Giant electric car-maker Tesla announced that the company has bought $1.5 billion worth of bitcoin here on Monday.

According to the details, Bitcoin’s price soared to an all-time high, breaking above $43,000 apiece, after Tesla bought $1.5bn of the cryptocurrency.

The world’s largest cryptocurrency was trading 15% higher at $44,141 after Tesla’s announcement.

“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.”

Investment In Bitcoin

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