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Cryptela — Cryptocurrency News and Market Intelligence
AMB Crypto 2021-02-09 16:30:21

Why did Tesla allocate only 7.7% of its cash reserves to Bitcoin?



In light of Tesla’s $1.5 billion purchase of Bitcoin, market bullishness is at a fever pitch. In fact, right now, many anticipate that corporate treasurers worldwide will follow Tesla’s lead and take a closer look at an allocation towards cryptocurrencies. Tesla is the fifth-largest company in the S&P 500, which is the reason why many […]
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