đźÂ Tesla Buys $1.5 Billion in Bitcoin â And Shakes Wall Street
In February 2021, Tesla Inc. announced it had purchased $1.5 billion worth of Bitcoin, making it one of the first major public companies to hold BTC on its balance sheet. The move sent shockwaves through both traditional finance and the crypto industry.
đ Within hours, Bitcoinâs price surged by over 15%, hitting new all-time highs. Elon Musk also tweeted that Tesla would begin accepting BTC as payment for its electric cars (though the plan was later reversed due to environmental concerns).
đ This moment was seen as a tipping point â signaling that Bitcoin was no longer just a speculative asset but a corporate treasury instrument.
đŹ Muskâs involvement drew attention from retail and institutional investors alike, marking the start of a massive wave of corporate interest in digital assets.
đˇď¸ #TeslaBTC #BitcoinAdoption #ElonMusk #CryptoHistory #BTC2021
