CRYPTONAIRE
WEEKLY CRYPTO investment journal
Elon Musk gets “congratulated” by Michael Saylor after Tesla’s $1.5 billion Bitcoin splurge
The electric carmaker purchased over 37,000 Bitcoin, filings from today showed. And the firm’s CEO is getting congratulated by an institutional Bitcoin bull.
Congrats, Musk! MicroStrategy CEO Michael Saylor is a happy man. The Bitcoin convert has picked up over a billion dollars worth of the asset last year, majorly through his company’s treasury and a minor portion for personal accounts. He’s been preaching the Bitcoin cause strongly in the past week. Saylor considers it to be the ultimate hedge against global inflation, a bleak economy, and falling yields across traditional asset classes such as bonds and equities. Today, Saylor extended his regards to Elon Musk, minutes after the latter almost broke the internet today after a recent development amidst relentless tweeting of meme coin Dogecoin in the past week. As CryptoSlate reported this morning, electric carmaker Tesla, the firm chaired by Musk, was found to have purchased over $1.5 billion worth of Bitcoin in the past months, a filing made to the US Securities and Exchange Commission showed. Read more...
Cryptonaire Weekly | February 9th 2021
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