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Zenger
Zenger
Chris Katje

Tesla Buys Into Major Purchase In Cryptocurrency Producing It Into Major Value In Investments

Sign with logo for Tesla Motors in front of new glass building near the company's headquarters in the Silicon Valley, Fremont, California, July 28, 2018. The announcement Tesla had bought Bitcoin led to an immediate lift in the price of Bitcoin and to experts who saw it as a key catalyst and support for the future of cryptocurrency. SMITH COLLECTION/BENZINGA
Bitcoin logo displayed on mobile with representation of Bitcoins cryptocurrencies seen in this photo illustration. on 17 January 2023 in Brussels, Belgium. Tesla later announced it sold $272 million of its Bitcoin in the first quarter, which it said had a “positive impact” on its quarterly profitability with $128 million in proceeds from Bitcoin. JONATHAN RAA/BENZINGA

The leading cryptocurrency had an exciting year in 2021 with several big news items that also propelled the sector forward.

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