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Crypto exchange Coinbase was behind Tesla’s bitcoin buy

From theblockcrypto.com

Coinbase, the U.S.-based crypto exchange, has been helping large companies invest in bitcoin. The Block has learned that Tesla is among Coinbase's deep-pocketed corporate clientele. Tesla made headlines earlier this month when it revealed a $1.5 billion bitcoin investment, disclosing in an annual report that the purchase would help "diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity." Coinbase declined to comment for this report when reached. Tesla was contacted for comment but did not respond as of press time. Sources familiar with the deal said Coinbase ... (full story)

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  • Category: Fundamental Analysis