{"id":36645,"date":"2021-02-18T11:56:35","date_gmt":"2021-02-18T09:56:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36645"},"modified":"2025-08-29T07:22:37","modified_gmt":"2025-08-29T04:22:37","slug":"media-coinbase-helped-tesla-buy-1-5-billion-in-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/media-coinbase-helped-tesla-buy-1-5-billion-in-bitcoin\/","title":{"rendered":"Media: Coinbase helped Tesla buy $1.5 billion in Bitcoin"},"content":{"rendered":"

Elon Musk’s Tesla invested $1.5 billion<\/a> in the first cryptocurrency in early February with the help of the American bitcoin exchange Coinbase. The Block writes this, citing sources.<\/p>\n

<\/p>\n

They say the trading platform bought the coins through a number of over-the-counter venues over several days.<\/p>\n

Sources said the service is Coinbase’s brokerage service, built on the Tagomi platform, which the exchange acquired in May 2020.<\/p>\n

In December, the platform similarly helped analytics software provider MicroStrategy invest $425 million in bitcoin<\/a>. According to sources, more than five Fortune 500 companies are clients of the service.<\/p>\n

At the end of January 2021, Coinbase filed with the U.S. Securities and Exchange Commission a Form S-1<\/a> registration statement for an initial public offering.<\/p>\n

Later, reports said the exchange chose Nasdaq<\/a> as the platform for going public via a direct listing.<\/p>\n

As reported, the price of Coinbase stock futures on the FTX platform rose to $369, implying a potential valuation of the company $92.2 billion<\/a>.<\/p>\n

Based on the price of shares traded on the Nasdaq Private Market’s secondary market, this figure is $77 billion<\/a>.<\/p>\n

Subscribe to ForkLog news on VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Elon Musk’s Tesla invested $1.5 billion in the first cryptocurrency at the beginning of February with the help of the American bitcoin exchange Coinbase. The Block reports this, citing sources.<\/p>\n","protected":false},"author":1,"featured_media":36646,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,138,52,1319],"class_list":["post-36645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-coinbase","tag-investments","tag-tesla"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=36645"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36645\/revisions"}],"predecessor-version":[{"id":36647,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36645\/revisions\/36647"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36646"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}