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| URL | https://decrypt.co/56957/elon-musks-tesla-has-invested-1-5-billion-into-bitcoin |
| Last Crawled | 2026-04-13 16:00:53 (5 days ago) |
| First Indexed | 2021-02-08 13:05:56 (5 years ago) |
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| Meta Title | Elon Musk's Tesla Has Invested $1.5 Billion Into Bitcoin - Decrypt |
| Meta Description | Tesla has invested $1.5 billion into Bitcoin, according to an SEC filing published today. |
| Meta Canonical | null |
| Boilerpipe Text | Tesla has invested $1.5 billion into
Bitcoin
, according to an SEC filing today.
"Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term," the filing
said
. The filing added that Tesla expects to begin accepting Bitcoin as payment for its products, including its cars, in the near future.
Bitcoin's price has shot up on the news, rising from $39,000 to $43,000 at press timeâbreaking a
new all-time high
.
Bitcoin Breaks All-Time High as Tesla Invests $1.5 Billion in BTC
The price of Bitcoin has spiked to a new all-time high today on the back of news that EV manufacturer Tesla has invested $1.5 billion into Bitcoin. The cryptocurrency's current price is now $44,790, up 8.5% in the last hour.
Most of the growth came immediately after the news broke. Bitcoin rose from $39,244 to hit a high of $43,233 in just 20 minutes, according to CoinGecko. As a result, Bitcoin is now up 11.4% in the last week, 30% in the last month and 340% in the last year.
The surging Bitco...
Experts judged the move unsurprising, while conceding it was a major development for the cryptocurrency. "People have basically just been waiting for the moment that Elon Musk would announce one of his companies has allocated part of their treasury assets to Bitcoin," said Guy Hirsch, managing director for US at eToro.
Hirsch also noted that news of Tesla's Bitcoin play emerged mere days after the recent
MicroStrategy WorldNow conference
, aimed at enticing institutional investors into Bitcoin. At the event, MicroStrategy CEO Michael Saylor said he expected an "avalanche of companies" converting their balance sheets into Bitcoin. "It's further proof that the smart money is still buying Bitcoin even when many others were shedding BTC holdings as it continued to trade sideways," said Hirsch.
"Musk and Tesla move markets in a way few others can, and this may be the point where we look back and realize Bitcoin went mainstream," he added.
The filing says that Tesla updated its investment policy in January in order to diversify its cash on hand and maximize returns. Its policy says that it may invest its reserves into digital assets, gold, gold ETFs and other assets. It was with this new policy in mind that it invested heavily into Bitcoin.
Michael Saylor extended offer to Elon Musk
Tesla's Bitcoin purchase comes just over a month after MicroStrategy's Saylor
extended an invitation
to Elon Musk, offering to show him his playbook for buying Bitcoin.
"If you want to do your shareholders a $100 billion favor, convert the
$TSLA
balance sheet from USD to
#BTC
. Other firms on the S&P 500 would follow your lead & in time it would grow to become a $1 trillion favor," Saylor said at the time.
Bitcoin Pumps as Michael Saylor Extends Offer to Elon Musk
Listen here, Elon Musk: Michael Saylor, CEO of MicroStrategy, has some advice. Saylor has bought $1.3 billion in Bitcoin in the past few months, he claims on Twitter, and he's willing to share his tips with you, the self-titled Lord Edge.
MicroStrategy bought hundreds of millions in Bitcoinâ$500 million since August, and plans to buy another $650 million more with investors' money.
Since Saylor invested, Bitcoin has more than doubled in price; yesterday, it hit a new all-time high of $24,000. M...
Musk replied, asking, "
Are such large transactions even possible?
" It's likely he was referring to whether it's possible to buy such large amounts of Bitcoin, not in terms of sending large Bitcoin transactions.
It wasn't long before Musk started tweeting a lot more about cryptocurrency. On January 29, he
changed his Twitter bio
to just one word: #Bitcoin. He later
confirmed on Clubhouse
that he was now a "supporter of Bitcoin."
"I am late to the party but a supporter," he told his audience. "Bitcoin is on the verge of getting broad acceptance by traditional finance people."
Musk has also been tweeting about Dogecoin with some regularity, from memes to comments that it will be the future currency of earth. While the price of Dogecoin
pumped
as a result of Musk's "joking" tweets, it seems like his heartâand Tesla's pocketbookâwas focused on Bitcoin, after all.
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follow us on Twitter
.
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Elon Musk's Tesla Has Invested \$1.5 Billion Into Bitcoin
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## Coin Prices
### [BTC](https://decrypt.co/price/bitcoin)
\$71,847.00
1\.33%
### [ETH](https://decrypt.co/price/ethereum)
\$2,209.46
1\.05%
### [BNB](https://decrypt.co/price/binance-coin)
\$602.99
1\.88%
### [XRP](https://decrypt.co/price/xrp)
\$1.33
0\.74%
### [USDC](https://decrypt.co/price/usd-coin)
\$0.999725
\-0.02%
### [SOL](https://decrypt.co/price/solana)
\$82.63
1\.19%
### [TRX](https://decrypt.co/price/tron)
\$0.320228
\-0.74%
### [FIGR\_HELOC](https://decrypt.co/price/figure-heloc)
\$1.04
0\.00%
### [DOGE](https://decrypt.co/price/dogecoin)
\$0.09171
1\.14%
### [USDS](https://decrypt.co/price/usds)
\$0.999622
\-0.02%
### [WBT](https://decrypt.co/price/whitebit)
\$52.59
1\.28%
### [HYPE](https://decrypt.co/price/hyperliquid)
\$42.37
3\.81%
### [LEO](https://decrypt.co/price/bitfinex)
\$10.11
\-0.39%
### [ADA](https://decrypt.co/price/cardano)
\$0.239562
0\.42%
### [BCH](https://decrypt.co/price/bitcoin-cash)
\$426.69
0\.78%
### [LINK](https://decrypt.co/price/chainlink)
\$8.82
1\.04%
### [XMR](https://decrypt.co/price/monero)
\$343.57
1\.29%
### [USDE](https://decrypt.co/price/ethena-usde)
\$0.999697
0\.00%
### [CC](https://decrypt.co/price/canton-network)
\$0.150981
3\.97%
### [ZEC](https://decrypt.co/price/zcash)
\$347.74
\-3.83%
### [XLM](https://decrypt.co/price/stellar)
\$0.152866
1\.47%
### [M](https://decrypt.co/price/memecore)
\$2.81
1\.28%
### [USD1](https://decrypt.co/price/usd1-wlfi)
\$0.998965
\-0.01%
### [LTC](https://decrypt.co/price/litecoin)
\$52.97
\-1.13%
### [PYUSD](https://decrypt.co/price/paypal-usd)
\$0.999626
\-0.04%
### [AVAX](https://decrypt.co/price/avalanche)
\$9.20
2\.57%
### [RAIN](https://decrypt.co/price/rain)
\$0.00783468
\-0.16%
### [HBAR](https://decrypt.co/price/hedera-hashgraph)
\$0.085008
\-0.64%
### [SUI](https://decrypt.co/price/sui)
\$0.91289
1\.34%
### [TON](https://decrypt.co/price/the-open-network)
\$1.43
\-1.57%
### [SHIB](https://decrypt.co/price/shiba-inu)
\$0.00000577
\-0.08%
### [CRO](https://decrypt.co/price/crypto-com)
\$0.068275
0\.15%
### [USYC](https://decrypt.co/price/hashnote-usyc)
\$1.12
0\.00%
### [XAUT](https://decrypt.co/price/tether-gold)
\$4,686.68
0\.07%
### [WLFI](https://decrypt.co/price/world-liberty-financial)
\$0.079918
\-0.49%
### [BUIDL](https://decrypt.co/price/blackrock-usd-institutional-digital-liquidity-fund)
\$1.00
0\.00%
### [TAO](https://decrypt.co/price/bittensor)
\$254.37
\-1.58%
### [RAVE](https://decrypt.co/price/ravedao)
\$9.81
213\.40%
### [PAXG](https://decrypt.co/price/pax-gold)
\$4,697.18
0\.07%
### [MNT](https://decrypt.co/price/mantle)
\$0.665994
0\.20%
### [USDG](https://decrypt.co/price/global-dollar)
\$0.999796
\-0.01%
### [DOT](https://decrypt.co/price/polkadot)
\$1.17
\-4.65%
### [UNI](https://decrypt.co/price/uniswap)
\$3.09
1\.80%
### [USDF](https://decrypt.co/price/falcon-finance)
\$0.997921
\-0.05%
### [NEAR](https://decrypt.co/price/near-protocol)
\$1.37
2\.86%
### [OKB](https://decrypt.co/price/okex)
\$82.99
\-0.22%
### [SKY](https://decrypt.co/price/sky)
\$0.07368
\-1.17%
### [PI](https://decrypt.co/price/pi-network)
\$0.164506
\-2.40%
### [HTX](https://decrypt.co/price/htx-dao)
\$0.00000177
\-0.34%
### [ASTER](https://decrypt.co/price/aster)
\$0.660029
\-0.39%
### [USDD](https://decrypt.co/price/usdd)
\$1.00
\-0.10%
### [PEPE](https://decrypt.co/price/pepe)
\$0.00000352
1\.85%
### [AAVE](https://decrypt.co/price/aave)
\$94.17
5\.55%
### [RLUSD](https://decrypt.co/price/ripple-usd)
\$0.999956
\-0.01%
### [JTRSY](https://decrypt.co/price/janus-henderson-anemoy-treasury-fund)
\$1.10
0\.03%
### [ICP](https://decrypt.co/price/70579)
\$2.44
0\.60%
### [USDY](https://decrypt.co/price/ondo-us-dollar-yield)
\$1.13
\-0.18%
### [BGB](https://decrypt.co/price/bitget-token)
\$1.90
\-0.46%
### [BFUSD](https://decrypt.co/price/bfusd)
\$0.999894
0\.00%
### [ETC](https://decrypt.co/price/ethereum-classic)
\$8.18
0\.59%
### [ONDO](https://decrypt.co/price/ondo-finance)
\$0.248747
1\.40%
### [GT](https://decrypt.co/price/gatechain-token)
\$6.68
0\.91%
### [KCS](https://decrypt.co/price/kucoin-token)
\$8.42
1\.94%
### [QNT](https://decrypt.co/price/quant-network)
\$74.91
\-1.32%
### [PUMP](https://decrypt.co/price/pump-fun)
\$0.00179153
0\.78%
### [RENDER](https://decrypt.co/price/render-network)
\$1.87
\-0.33%
### [WLD](https://decrypt.co/price/worldcoin)
\$0.295839
3\.18%
### [MORPHO](https://decrypt.co/price/morpho)
\$1.71
2\.01%
### [EUTBL](https://decrypt.co/price/eutbl)
\$1.23
\-0.23%
### [ALGO](https://decrypt.co/price/algorand)
\$0.103263
0\.71%
### [NEXO](https://decrypt.co/price/nexo)
\$0.880086
1\.31%
### [POL](https://decrypt.co/price/polygon-ecosystem-token)
\$0.082813
0\.43%
### [KAS](https://decrypt.co/price/kaspa)
\$0.03214919
0\.48%
### [ATOM](https://decrypt.co/price/cosmos)
\$1.73
0\.33%
### [USDTB](https://decrypt.co/price/usdtb)
\$0.999567
0\.02%
### [ENA](https://decrypt.co/price/ethena)
\$0.093185
2\.71%
### [USTB](https://decrypt.co/price/superstate-short-duration-us-government-securities-fund-ustb)
\$11.05
0\.01%
### [BCAP](https://decrypt.co/price/blockchain-capital)
\$83.06
0\.00%
### [JST](https://decrypt.co/price/just)
\$0.078424
2\.99%
### [APT](https://decrypt.co/price/aptos)
\$0.844555
2\.88%
### [OUSG](https://decrypt.co/price/ousg)
\$114.87
0\.00%
### [FLR](https://decrypt.co/price/flare-networks)
\$0.00788621
2\.46%
### [FIL](https://decrypt.co/price/filecoin)
\$0.869849
0\.99%
### [ARB](https://decrypt.co/price/arbitrum)
\$0.110756
0\.16%
### [HASH](https://decrypt.co/price/provenance-blockchain)
\$0.01167586
1\.49%
### [TRUMP](https://decrypt.co/price/official-trump)
\$2.82
\-0.37%
### [NIGHT](https://decrypt.co/price/midnight-3)
\$0.03854968
\-0.59%
### [XDC](https://decrypt.co/price/xdce-crowd-sale)
\$0.03132137
4\.59%
### [BDX](https://decrypt.co/price/beldex)
\$0.080375
0\.19%
### [YLDS](https://decrypt.co/price/ylds)
\$0.999728
\-0.02%
### [VET](https://decrypt.co/price/vechain)
\$0.00681972
0\.39%
### [GHO](https://decrypt.co/price/gho)
\$0.999553
\-0.01%
### [STABLE](https://decrypt.co/price/stable-2)
\$0.02633412
1\.88%
### [JUP](https://decrypt.co/price/jupiter-exchange-solana)
\$0.16299
2\.17%
### [SIREN](https://decrypt.co/price/siren-2)
\$0.785869
\-1.35%
### [USD0](https://decrypt.co/price/usual-usd)
\$0.998195
0\.08%
### [FET](https://decrypt.co/price/fetch-ai)
\$0.231104
\-1.40%
### [DASH](https://decrypt.co/price/dash)
\$40.85
\-3.59%
### [BONK](https://decrypt.co/price/bonk)
\$0.00000568
0\.57%
### [A7A5](https://decrypt.co/price/a7a5)
\$0.01265084
0\.25%
### [CAKE](https://decrypt.co/price/pancakeswap)
\$1.51
3\.14%
### [TUSD](https://decrypt.co/price/true-usd)
\$0.999053
\-0.05%
### [ZRO](https://decrypt.co/price/layerzero)
\$1.95
2\.61%
### [DEXE](https://decrypt.co/price/dexe)
\$9.73
1\.46%
### [ADI](https://decrypt.co/price/adi-token)
\$4.32
\-0.34%
### [VIRTUAL](https://decrypt.co/price/virtual-protocol)
\$0.661008
2\.49%
### [EURC](https://decrypt.co/price/euro-coin)
\$1.17
\-0.03%
### [PENGU](https://decrypt.co/price/pengu)
\$0.00658742
1\.61%
### [JAAA](https://decrypt.co/price/janus-henderson-anemoy-aaa-clo-fund)
\$1.03
0\.05%
### [FDUSD](https://decrypt.co/price/first-digital-usd)
\$0.99875
\-0.03%
### [STX](https://decrypt.co/price/blockstack)
\$0.214729
0\.60%
### [MON](https://decrypt.co/price/monad)
\$0.03335164
0\.98%
### [VVV](https://decrypt.co/price/venice-token)
\$8.40
5\.46%
### [CHZ](https://decrypt.co/price/chiliz)
\$0.03654196
\-2.04%
### [DCR](https://decrypt.co/price/decred)
\$21.61
\-0.31%
### [XTZ](https://decrypt.co/price/tezos)
\$0.340217
\-0.85%
### [SEI](https://decrypt.co/price/sei-network)
\$0.054604
1\.87%
### [KAU](https://decrypt.co/price/kinesis-gold)
\$152.60
5\.26%
### [USX](https://decrypt.co/price/usx)
\$0.999334
\-0.02%
### [PRIME](https://decrypt.co/price/hastra-prime)
\$1.031
0\.08%
### [SUN](https://decrypt.co/price/sun-token)
\$0.01804206
\-1.81%
### [AERO](https://decrypt.co/price/aerodrome-finance)
\$0.363818
2\.16%
### [NFT](https://decrypt.co/price/apenft)
\$0.00000033
0\.77%
### [ETHFI](https://decrypt.co/price/ether-fi)
\$0.408763
0\.27%
### [BTT](https://decrypt.co/price/bittorrent)
\$0.00000033
0\.68%
### [CRV](https://decrypt.co/price/curve-dao-token)
\$0.210411
0\.41%
### [GNO](https://decrypt.co/price/gnosis)
\$118.28
0\.38%
### [BSV](https://decrypt.co/price/bitcoin-sv)
\$15.16
\-1.22%
### [XPL](https://decrypt.co/price/plasma)
\$0.125944
1\.18%
### [EDGE](https://decrypt.co/price/edgex)
\$0.835987
\-7.67%
### [INJ](https://decrypt.co/price/injective)
\$2.93
1\.15%
### [USDAI](https://decrypt.co/price/usdai)
\$0.999532
\-0.03%
### [SPX](https://decrypt.co/price/spx6900)
\$0.303281
0\.78%
### [KAG](https://decrypt.co/price/kinesis-silver)
\$74.28
5\.98%
### [CFX](https://decrypt.co/price/conflux-token)
\$0.05298
2\.03%
### [FRAX](https://decrypt.co/price/frax)
\$0.993949
0\.09%
### [2Z](https://decrypt.co/price/doublezero)
\$0.078948
4\.69%
### [KAIA](https://decrypt.co/price/kaia)
\$0.04618133
\-1.13%
### [LIT](https://decrypt.co/price/lighter)
\$1.085
3\.72%
### [FLOKI](https://decrypt.co/price/floki)
\$0.00002794
0\.96%
### [TIA](https://decrypt.co/price/celestia)
\$0.295916
0\.78%
### [SYRUP](https://decrypt.co/price/syrup)
\$0.229091
0\.84%
### [APEPE](https://decrypt.co/price/ape-and-pepe)
\$0.00000126
\-3.33%
### [FO](https://decrypt.co/price/official-fo)
\$0.264035
\-0.66%
### [LDO](https://decrypt.co/price/lido-dao-token)
\$0.30998
\-0.81%
### [JASMY](https://decrypt.co/price/jasmycoin)
\$0.00529184
0\.97%
### [GRT](https://decrypt.co/price/the-graph)
\$0.02379267
0\.97%
### [ZBCN](https://decrypt.co/price/zebec-network)
\$0.00255806
\-1.59%
### [OHM](https://decrypt.co/price/olympusdao)
\$15.99
\-0.12%
### [CRVUSD](https://decrypt.co/price/crvusd)
\$0.999627
\-0.16%
### [PYTH](https://decrypt.co/price/pyth-network)
\$0.04272558
\-2.56%
### [KITE](https://decrypt.co/price/kite-2)
\$0.135055
2\.16%
### [IOTA](https://decrypt.co/price/iota)
\$0.05437
\-1.51%
### [LUNC](https://decrypt.co/price/terra-luna)
\$0.00004217
5\.14%
### [OP](https://decrypt.co/price/optimism)
\$0.108582
1\.05%
### [ćžćźäșșç](https://decrypt.co/price/bianrensheng)
\$0.21714
45\.01%
### [USDA](https://decrypt.co/price/usda-2)
\$0.984361
0\.00%
### [UDS](https://decrypt.co/price/undeads-games)
\$1.75
\-0.35%
### [AUSD](https://decrypt.co/price/agora-dollar)
\$0.999786
\-0.02%
### [9BIT](https://decrypt.co/price/the9bit)
\$0.02638309
3\.14%
### [ENS](https://decrypt.co/price/ethereum-name-service)
\$5.60
0\.72%
### [REAL](https://decrypt.co/price/reallink)
\$0.065808
1\.76%
### [VSN](https://decrypt.co/price/vision-3)
\$0.055871
\-0.92%
### [SAND](https://decrypt.co/price/the-sandbox)
\$0.07546
0\.41%
### [TEL](https://decrypt.co/price/telcoin)
\$0.00207951
1\.06%
### [COMP](https://decrypt.co/price/compound-comp-token)
\$20.41
\-2.04%
### [ULTIMA](https://decrypt.co/price/ultima)
\$5,203.41
7\.95%
### [NEO](https://decrypt.co/price/neo)
\$2.77
1\.83%
### [PC0000031](https://decrypt.co/price/tradable-na-rent-financing-platform-sstn)
\$1.00
0\.00%
### [HNT](https://decrypt.co/price/helium)
\$1.024
1\.05%
### [GRASS](https://decrypt.co/price/grass)
\$0.333527
1\.29%
### [STRK](https://decrypt.co/price/starknet)
\$0.03290876
\-0.81%
### [WIF](https://decrypt.co/price/dogwifcoin)
\$0.186981
\-0.58%
### [FF](https://decrypt.co/price/falcon-finance-ff)
\$0.079311
\-1.50%
### [BTSE](https://decrypt.co/price/btse-token)
\$1.14
\-1.38%
### [B](https://decrypt.co/price/build-on)
\$0.18275
15\.12%
### [AXS](https://decrypt.co/price/axie-infinity)
\$1.073
\-1.68%
### [FARTCOIN](https://decrypt.co/price/fartcoin)
\$0.18111
\-3.87%
### [FDIT](https://decrypt.co/price/fidelity-digital-interest-token)
\$1.00
0\.00%
### [XCN](https://decrypt.co/price/chain-2)
\$0.00469595
\-0.09%
### [BORG](https://decrypt.co/price/swissborg)
\$0.180613
\-1.56%
### [PENDLE](https://decrypt.co/price/pendle)
\$1.061
0\.73%
### [REUSD](https://decrypt.co/price/re-protocol-reusd)
\$1.072
0\.08%
### [H](https://decrypt.co/price/humanity)
\$0.095309
2\.27%
### [THETA](https://decrypt.co/price/theta-network)
\$0.172268
3\.45%
### [TWT](https://decrypt.co/price/trust-wallet-token)
\$0.409397
\-0.76%
### [RAY](https://decrypt.co/price/raydium)
\$0.634778
1\.25%
### [USTBL](https://decrypt.co/price/spiko-us-t-bills-money-market-fund)
\$1.08
0\.03%
### [NUSD](https://decrypt.co/price/nusd-2)
\$0.999189
0\.04%
### [IP](https://decrypt.co/price/story-2)
\$0.47802
0\.01%
### [MANA](https://decrypt.co/price/decentraland)
\$0.086997
0\.49%
### [WFI](https://decrypt.co/price/wefi)
\$2.01
\-2.78%
### [MX](https://decrypt.co/price/mx-token)
\$1.77
\-0.00%
### [KOGE](https://decrypt.co/price/bnb48-club-token)
\$48.01
0\.00%
### [SATUSD](https://decrypt.co/price/satoshi-stablecoin)
\$0.997565
0\.27%
### [WAL](https://decrypt.co/price/walrus-2)
\$0.069088
\-1.03%
### [CVX](https://decrypt.co/price/convex-finance)
\$1.72
\-0.16%
### [S](https://decrypt.co/price/sonic-3)
\$0.04046132
\-1.14%
### [AB](https://decrypt.co/price/newton-project)
\$0.00153477
0\.21%
### [EURS](https://decrypt.co/price/stasis-eurs)
\$1.22
0\.32%
### [CRCLON](https://decrypt.co/price/circle-internet-group-ondo-tokenized-stock)
\$95.41
9\.99%
### [RIVER](https://decrypt.co/price/river)
\$7.66
\-12.36%
### [GUSD](https://decrypt.co/price/gusd)
\$0.999286
0\.03%
### [JTO](https://decrypt.co/price/jito-governance-token)
\$0.324933
7\.61%
### [ZK](https://decrypt.co/price/zksync)
\$0.01545891
1\.13%
### [ARIA](https://decrypt.co/price/aria-ai)
\$0.795359
\-12.80%
### [SFP](https://decrypt.co/price/safepal)
\$0.28758
0\.65%
### [ZANO](https://decrypt.co/price/zano)
\$9.28
4\.14%
### [BAT](https://decrypt.co/price/basic-attention-token)
\$0.09461
\-0.98%
### [LUX](https://decrypt.co/price/luxxcoin)
\$0.00139416
5\.36%
### [GALA](https://decrypt.co/price/gala)
\$0.00290521
\-0.72%
### [RUNE](https://decrypt.co/price/thorchain)
\$0.393402
2\.02%
### [XEC](https://decrypt.co/price/ecash)
\$0.00000681
0\.26%
### [ONYC](https://decrypt.co/price/onyc)
\$1.092
0\.02%
### [TIBBIR](https://decrypt.co/price/ribbita-by-virtuals)
\$0.134541
10\.93%
### [THBILL](https://decrypt.co/price/theo-short-duration-us-treasury-fund)
\$1.02
\-0.04%
### [APXUSD](https://decrypt.co/price/apxusd)
\$0.999731
0\.01%
### [FRXUSD](https://decrypt.co/price/frax-usd)
\$0.999455
\-0.04%
### [GENIUS](https://decrypt.co/price/genius-3)
\$0.470818
42\.53%
### [ACRED](https://decrypt.co/price/apollo-diversified-credit-securitize-fund)
\$1,093.05
\-0.01%
### [TRAC](https://decrypt.co/price/origintrail)
\$0.289727
\-1.28%
### [1INCH](https://decrypt.co/price/1inch)
\$0.091423
0\.18%
### [GEKKO](https://decrypt.co/price/gekko)
\$0.00000064
0\.92%
### [SOSO](https://decrypt.co/price/sosovalue)
\$0.407061
0\.57%
### [A](https://decrypt.co/price/vaulta)
\$0.077093
0\.00%
### [0G](https://decrypt.co/price/zero-gravity)
\$0.587434
3\.65%
### [OZO](https://decrypt.co/price/ozone-chain)
\$0.130742
1\.59%
### [GLM](https://decrypt.co/price/golem)
\$0.124341
0\.12%
### [AVUSD](https://decrypt.co/price/avant-usd)
\$0.999053
\-0.05%
### [FLUID](https://decrypt.co/price/instadapp)
\$1.59
0\.76%
### [CASH](https://decrypt.co/price/cash-4)
\$1.001
0\.15%
### [SHFL](https://decrypt.co/price/shuffle-2)
\$0.304678
4\.56%
### [EURCV](https://decrypt.co/price/societe-generale-forge-eurcv)
\$1.17
\-0.09%
### [ATH](https://decrypt.co/price/aethir)
\$0.0063785
11\.29%
### [IMX](https://decrypt.co/price/immutable-x)
\$0.144515
3\.73%
### [PUSD](https://decrypt.co/price/pleasing-usd)
\$0.996185
0\.01%
### [AKT](https://decrypt.co/price/akash-network)
\$0.454508
2\.47%
### [GOMINING](https://decrypt.co/price/gmt-token)
\$0.294692
\-1.00%
### [COW](https://decrypt.co/price/cow-protocol)
\$0.214022
1\.13%
### [USDF](https://decrypt.co/price/astherus-usdf)
\$0.999905
0\.03%
### [FT](https://decrypt.co/price/flying-tulip)
\$0.080324
0\.52%
### [WEMIX](https://decrypt.co/price/wemix-token)
\$0.249982
1\.34%
### [BC](https://decrypt.co/price/bc-token)
\$0.01157161
0\.71%
### [PC0000023](https://decrypt.co/price/tradable-singapore-fintech-ssl-2)
\$1.00
0\.00%
### [SENT](https://decrypt.co/price/sentient)
\$0.01574514
\-0.58%
### [QRL](https://decrypt.co/price/quantum-resistant-ledger)
\$1.46
2\.77%
### [CFG](https://decrypt.co/price/centrifuge-2)
\$0.198049
2\.17%
### [TKX](https://decrypt.co/price/tokenize-xchange)
\$1.41
0\.16%
[Price data by](https://www.coingecko.com/?utm_source=decrypt-web&utm_medium=partnership&utm_campaign=coin_price_marquee_widget)
***
[ Decrypt](https://decrypt.co/)
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***
# Elon Musk's Tesla Has Invested \$1.5 Billion Into Bitcoin
## Tesla has invested \$1.5 billion into Bitcoin, according to an SEC filing published today.
[](https://decrypt.co/author/timcopeland)
By [Tim Copeland](https://decrypt.co/author/timcopeland)
Feb 8, 2021
Feb 8, 2021
3 min read

Tesla CEO Elon Musk. Image: Shutterstock.
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Tesla has invested \$1.5 billion into [Bitcoin](https://decrypt.co/resources/what-is-bitcoin-four-minute-instant-guide-explainer), according to an SEC filing today.
"Thereafter, we invested an aggregate \$1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term," the filing [said](https://www.sec.gov/Archives/edgar/data/0001318605/000156459021004599/tsla-10k_20201231.htm). The filing added that Tesla expects to begin accepting Bitcoin as payment for its products, including its cars, in the near future.
Bitcoin's price has shot up on the news, rising from \$39,000 to \$43,000 at press timeâbreaking a [new all-time high](https://decrypt.co/56959/bitcoin-breaks-all-time-high-as-tesla-invests-1-5-billion-in-btc).

## [Bitcoin Breaks All-Time High as Tesla Invests \$1.5 Billion in BTC](https://decrypt.co/56959/bitcoin-breaks-all-time-high-as-tesla-invests-1-5-billion-in-btc)
The price of Bitcoin has spiked to a new all-time high today on the back of news that EV manufacturer Tesla has invested \$1.5 billion into Bitcoin. The cryptocurrency's current price is now \$44,790, up 8.5% in the last hour. Most of the growth came immediately after the news broke. Bitcoin rose from \$39,244 to hit a high of \$43,233 in just 20 minutes, according to CoinGecko. As a result, Bitcoin is now up 11.4% in the last week, 30% in the last month and 340% in the last year. The surging Bitco...
[News](https://decrypt.co/news)
[Coins](https://decrypt.co/news/cryptocurrencies)
3 min read
Tim Copeland
Feb 8, 2021
Feb 8, 2021
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Experts judged the move unsurprising, while conceding it was a major development for the cryptocurrency. "People have basically just been waiting for the moment that Elon Musk would announce one of his companies has allocated part of their treasury assets to Bitcoin," said Guy Hirsch, managing director for US at eToro.
Hirsch also noted that news of Tesla's Bitcoin play emerged mere days after the recent [MicroStrategy WorldNow conference](https://decrypt.co/56498/microstrategy-avalanche-companies-bitcoin-crusade), aimed at enticing institutional investors into Bitcoin. At the event, MicroStrategy CEO Michael Saylor said he expected an "avalanche of companies" converting their balance sheets into Bitcoin. "It's further proof that the smart money is still buying Bitcoin even when many others were shedding BTC holdings as it continued to trade sideways," said Hirsch.
"Musk and Tesla move markets in a way few others can, and this may be the point where we look back and realize Bitcoin went mainstream," he added.

BTC
\+1\.53%\$71,803.69
***
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[BTC price](https://decrypt.co/price/bitcoin)
The filing says that Tesla updated its investment policy in January in order to diversify its cash on hand and maximize returns. Its policy says that it may invest its reserves into digital assets, gold, gold ETFs and other assets. It was with this new policy in mind that it invested heavily into Bitcoin.
## Michael Saylor extended offer to Elon Musk
Tesla's Bitcoin purchase comes just over a month after MicroStrategy's Saylor [extended an invitation](https://decrypt.co/52092/bitcoin-pumps-as-michael-saylor-extends-offer-to-elon-musk) to Elon Musk, offering to show him his playbook for buying Bitcoin. "If you want to do your shareholders a \$100 billion favor, convert the \$TSLA balance sheet from USD to \#BTC. Other firms on the S\&P 500 would follow your lead & in time it would grow to become a \$1 trillion favor," Saylor said at the time.

## [Bitcoin Pumps as Michael Saylor Extends Offer to Elon Musk](https://decrypt.co/52092/bitcoin-pumps-as-michael-saylor-extends-offer-to-elon-musk)
Listen here, Elon Musk: Michael Saylor, CEO of MicroStrategy, has some advice. Saylor has bought \$1.3 billion in Bitcoin in the past few months, he claims on Twitter, and he's willing to share his tips with you, the self-titled Lord Edge. MicroStrategy bought hundreds of millions in Bitcoinâ\$500 million since August, and plans to buy another \$650 million more with investors' money. Since Saylor invested, Bitcoin has more than doubled in price; yesterday, it hit a new all-time high of \$24,000. M...
[News](https://decrypt.co/news)
[Business](https://decrypt.co/news/business)
2 min read
Robert Stevens
Dec 20, 2020
Dec 20, 2020
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Musk replied, asking, "Are such large transactions even possible?" It's likely he was referring to whether it's possible to buy such large amounts of Bitcoin, not in terms of sending large Bitcoin transactions.
It wasn't long before Musk started tweeting a lot more about cryptocurrency. On January 29, he [changed his Twitter bio](https://decrypt.co/55943/elon-musks-twitter-bio-now-says-one-word-bitcoin) to just one word: \#Bitcoin. He later [confirmed on Clubhouse](https://decrypt.co/56167/elon-musk-now-supports-bitcoin-saying-it-is-a-good-thing) that he was now a "supporter of Bitcoin."
"I am late to the party but a supporter," he told his audience. "Bitcoin is on the verge of getting broad acceptance by traditional finance people."
Musk has also been tweeting about Dogecoin with some regularity, from memes to comments that it will be the future currency of earth. While the price of Dogecoin [pumped](https://decrypt.co/56544/dogecoin-price-shoots-up-on-elon-musks-to-the-moon-tweets) as a result of Musk's "joking" tweets, it seems like his heartâand Tesla's pocketbookâwas focused on Bitcoin, after all.
***Do not miss any breaking news in the future, make sure to [follow us on Twitter](https://twitter.com/decryptmedia)***.
### Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
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## [Strategy's Bitcoin Stockpile Nears BlackRock's ETF Holdings After \$1 Billion BTC Buy](https://decrypt.co/364114/strategy-bitcoin-stockpile-nears-blackrocks-etf-holdings-1-billion-buy)
Strategy indicated on Monday that it spent \$1 billion on Bitcoin last week, adding to its stockpile using proceeds that came solely from its flagship preferred share. The Bitcoin-buying firm said in an announcement that it now owns nearly 781,000 Bitcoin, a 1.8% jump compared to the week prior. With Bitcoin recently changing hands around \$70,900, the companyâs holdings were worth \$55.3 billion, according to CoinGecko. The Tysons Corner, Virginia-based firmâs latest purchase, totaling roughly 14,...
[News](https://decrypt.co/news)
[Business](https://decrypt.co/news/business)
4 min read
André Beganski
Apr 13, 2026
Apr 13, 2026
Create an account to save your articles.
- 
## ['Not Going to Stop at Bitcoin': Morgan Stanley Weighs Tokenization, Tax Solutions in Crypto Push](https://decrypt.co/364030/not-going-stop-bitcoin-morgan-stanley-weighs-tokenization-tax-solutions)
The debut of Morgan Stanleyâs spot Bitcoin ETF marked a major milestone on Wednesday for the investment bank with \$9.3 trillion in client assets, but the financial powerhouse is already weighing what could be next when it comes to crypto. The firm filed applications in January for exchange-traded funds tracking Ethereum and Solana, but itâs doubtful that the company will stop there, Amy Oldenburg, head of digital-asset strategy at Morgan Stanley, told Decrypt in an interview this week. âWeâre n...
[News](https://decrypt.co/news)
[Business](https://decrypt.co/news/business)
3 min read
André Beganski
Apr 11, 2026
Apr 11, 2026
Create an account to save your articles.
- 
## [Exodus Rolls Out 'Exodus Pay' to Turn Bitcoin Wallet Into Spending App](https://decrypt.co/363947/exodus-pay-bitcoin-wallet-spending-app)
Exodus, the publicly traded crypto wallet provider, began rolling out a new âExodus Payâ feature on Wednesday, aiming to turn its self-custodial storage app into a tool for everyday payments. The launch is currently limited to users in five states, including New York and California. The Omaha-based firm listed its stock on the New York Stock Exchange in 2024 and says the new feature expands the role of its wallet beyond storage into payments. The company positions the service as an alternative...
[News](https://decrypt.co/news)
[Business](https://decrypt.co/news/business)
2 min read
Jason Nelson
Apr 10, 2026
Apr 10, 2026
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[All](https://decrypt.co/news)
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[Business](https://decrypt.co/news/business)
***
# CME Launches Ethereum Futures, ETH Price Stays Steady
## The launch of Ethereum futures on institutional exchange CME shows that itâs âclearly bullishâ on crypto, experts say.
[](https://decrypt.co/author/liamfrost)
By [Liam Frost](https://decrypt.co/author/liamfrost)
Feb 8, 2021
Feb 8, 2021
3 min read

Ethereum. Image: Shutterstock
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#### In brief
- The Chicago Mercantile Exchange (CME) has launched Ethereum futures trading.
- CME's new offering will accompany Bitcoin futures and options it launched three years ago.
- The launch of ETH futures is the next step towards the adoption of crypto in the institutional finance sector, experts noted.
The Chicago Mercantile Exchange (CME) has launched [Ethereum](https://decrypt.co/resources/what-is-ethereum-quickly-explained-four-minute-guide) futures trading on its platform, making it easier for institutional investors to gain exposure to the worldâs second-largest cryptocurrency by market cap.
According to [data from Skew](https://twitter.com/DocumentEther/status/1358685793674555392), a total of 77 Ethereum futures contracts have already been traded since the launch. Per CMEâs [specifications](https://www.cmegroup.com/trading/ether-futures.html), the contracts are for 50 ETH each (currently around \$81,650 each or \$6.3 million combined).
âWith the Ethereum network enabling tens of new âcrypto unicornsâ in the last year, ETH is poised to become a clear focal point for investors seeking exposure to the broader innovation enabled by crypto, and its now numerous use cases,â Lior Messika, founder and managing partner at EU venture fund Eden Block, told *Decrypt*.
He added that in many ways, Ethereum is currently in a much earlier stage of discovering its full potential, while the ânarrative of Bitcoinâ has been proving itself for over 10 years already.
> CME ether futures start trading. 77 contracts crossed so far. ETH / BTC retraced a bit. [pic.twitter.com/YaFwtV4Jir](https://t.co/YaFwtV4Jir)
>
> â Documenting Ethereum đ§Ÿ (@DocumentEther) [February 8, 2021](https://twitter.com/DocumentEther/status/1358685793674555392?ref_src=twsrc%5Etfw)
A type of derivatives contract, futures are designed for selling an asset at a specific price on a certain date in the future. Unlike options, futures contracts must be fulfilled on their expiration date. This way, it is somewhat of a financial gamble where one of the two parties âwinsâ depending on the difference between the contractâs strike price and the actual market price of the asset at the time.
## Institutional exposure to DeFi
While CME launched Bitcoin futures and options trading a little over three years agoâmarking the top of Bitcoinâs bull runâit took its time before adding another coin to the list. But Ethereum is quite a different beast. The blockchain platform serves as a foundation for countless decentralized finance (DeFi) projects.
Kadan Stadelmann, CTO of blockchain solutions provider Komodo, said that CMEâs launch of ETH futures is âthe next stepâ towards the adoption of cryptocurrencies in the institutional finance sector that the crypto industry has been waiting for.

Ethereum tokens. Image: Shutterstock
âBitcoin and Ethereum are obviously in a different stratosphere when looking at current crypto adoption, but I do believe this is only the beginning of futures trading expansion among large institutions. We will see more assets supported and more players in the mix,â Stadelmann told *Decrypt*.
He explained that, when CME first launched Bitcoin futures back in 2017, the market was quite different from what it is today. At the time, smart contracts technology was in its infancy, and not as many understood what blockchain really is. But today, Ethereum is a âglobal financial powerhouseâ with ETH at the center of it.

## [Ethereum futures open interest reaches \$1.5 billion](https://decrypt.co/38746/ethereum-futures-open-interest-reaches-1-5-billion)
The total value of outstanding Ethereum (ETH) futures contracts has reached an all-time high of \$1.5 billion today, according to crypto analytics platform Skew. âŹïž Another new ATH in ETH Futures Open Interest, crossing the \$1.5bn mark for the very first time across the exchanges https://t.co/0KkntYiyQp tracks. pic.twitter.com/bnh2WcWixT â skew (@skewdotcom) August 14, 2020 Also known as open interest, this figure reflects the current total value of Ethereum futures that have not been settled y...
[News](https://decrypt.co/news)
[Business](https://decrypt.co/news/business)
3 min read
Liam Frost
Aug 14, 2020
Aug 14, 2020
Create an account to save your articles.
âEverything from decentralized exchanges to lending protocols to NFT marketplaces is currently running on the Ethereum network. CME Group, as well as other major institutions, are clearly bullish that cryptocurrencies and decentralized technologies will only gain more momentum in the coming years,â Stadelmann added.
As *Decrypt* reported last Friday, digital asset manager Grayscale added [over \$38 million worth of ETH](https://decrypt.co/56426/ethereum-gathers-momentum-as-grayscale-picks-up-38-million-in-eth) to its Ethereum holdings in just one day. But do the institutions solely want price action, or will they be lured into the DeFi space too?
### Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
### Recommended News
- 
## [Strategy's Bitcoin Stockpile Nears BlackRock's ETF Holdings After \$1 Billion BTC Buy](https://decrypt.co/364114/strategy-bitcoin-stockpile-nears-blackrocks-etf-holdings-1-billion-buy)
Strategy indicated on Monday that it spent \$1 billion on Bitcoin last week, adding to its stockpile using proceeds that came solely from its flagship preferred share. The Bitcoin-buying firm said in an announcement that it now owns nearly 781,000 Bitcoin, a 1.8% jump compared to the week prior. With Bitcoin recently changing hands around \$70,900, the companyâs holdings were worth \$55.3 billion, according to CoinGecko. The Tysons Corner, Virginia-based firmâs latest purchase, totaling roughly 14,...
[News](https://decrypt.co/news)
[Business](https://decrypt.co/news/business)
4 min read
André Beganski
Apr 13, 2026
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Create an account to save your articles.
- 
## ['Not Going to Stop at Bitcoin': Morgan Stanley Weighs Tokenization, Tax Solutions in Crypto Push](https://decrypt.co/364030/not-going-stop-bitcoin-morgan-stanley-weighs-tokenization-tax-solutions)
The debut of Morgan Stanleyâs spot Bitcoin ETF marked a major milestone on Wednesday for the investment bank with \$9.3 trillion in client assets, but the financial powerhouse is already weighing what could be next when it comes to crypto. The firm filed applications in January for exchange-traded funds tracking Ethereum and Solana, but itâs doubtful that the company will stop there, Amy Oldenburg, head of digital-asset strategy at Morgan Stanley, told Decrypt in an interview this week. âWeâre n...
[News](https://decrypt.co/news)
[Business](https://decrypt.co/news/business)
3 min read
André Beganski
Apr 11, 2026
Apr 11, 2026
Create an account to save your articles.
- 
## [Exodus Rolls Out 'Exodus Pay' to Turn Bitcoin Wallet Into Spending App](https://decrypt.co/363947/exodus-pay-bitcoin-wallet-spending-app)
Exodus, the publicly traded crypto wallet provider, began rolling out a new âExodus Payâ feature on Wednesday, aiming to turn its self-custodial storage app into a tool for everyday payments. The launch is currently limited to users in five states, including New York and California. The Omaha-based firm listed its stock on the New York Stock Exchange in 2024 and says the new feature expands the role of its wallet beyond storage into payments. The company positions the service as an alternative...
[News](https://decrypt.co/news)
[Business](https://decrypt.co/news/business)
2 min read
Jason Nelson
Apr 10, 2026
Apr 10, 2026
Create an account to save your articles.
[All](https://decrypt.co/news)
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Brought to you by AAX
***
# Global Market Cap Passes \$1.2 Trillion As Doge Breaks Back into Top 10
## Crypto is booming as investors and financial services pile into the bull run. Doge continues to attract new celebrity fans.
[](https://decrypt.co/author/matthussey)
By [Matt Hussey](https://decrypt.co/author/matthussey)
Feb 8, 2021
Feb 8, 2021
3 min read

Bitcoin is the market leader in crypto. Image: Shutterstock
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#### In brief
- Global crypto markets continue record breaking run.
- Surges in Bitcoin and Ethereum prices underpinned the market surge.
- Futures markets are also up after Joe Biden's stimulus package is approved.
The weekend saw cryptoâs global market cap continue to surge to new highs as a raft of new investors, and investment tools gear up to start offering more ways of dabbling in digital money.
In just three days, markets added \$500 million to their coffers to a total market cap of \$1.23 trillion, according to data company [Nomics.](https://nomics.com/)

Global Market Cap continues its march. IMAGE: Nomics
The overwhelming majority of that growth came from [Bitcoin](https://decrypt.co/resources/what-is-bitcoin-four-minute-instant-guide-explainer), which flirted with \$40,000 before pulling back to the \$38,000s. At the time of writing [Bitcoin](https://decrypt.co/resources/what-is-bitcoin-four-minute-instant-guide-explainer) is down 2% over the last 24 hours, but is still within touching distance of January 8âs all time high of \$40,771. Side note: different exchanges will have recorded different prices, and [therefore different reporters](https://decrypt.co/56864/bitcoin-price-hits-40k-as-crypto-rally-continues) report different numbers but the overall trend is: Bitcoin go up.

BTC
\+1\.27%\$71,803.69
***
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[Price data by](https://www.coingecko.com/en/coins/bitcoin?utm_source=decrypt-web&utm_medium=partnership&utm_campaign=coin_price_chart_widget)
[BTC price](https://decrypt.co/price/bitcoin)
[Ethereum](https://decrypt.co/resources/what-is-ethereum-quickly-explained-four-minute-guide) meanwhile continued its price rally north of \$1,500 over the weekend. The currency has spent six days above that mark despite a flash crash that sank the price by 10% over the weekend.

ETH
\+0\.90%\$2,206.14
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[Price data by](https://www.coingecko.com/en/coins/ethereum?utm_source=decrypt-web&utm_medium=partnership&utm_campaign=coin_price_chart_widget)
[ETH price](https://decrypt.co/price/ethereum)
This week could bring increased volatility to Ethâs price as the Chicago Mercantile Exchange is due to launch its ETH futures contracts. These contracts will allow institutional investors to speculate on the price of the coin, in both long and short positions.
For reference, when the CME first launched its Bitcoin futures contracts on 2017, Bitcoin surged to record highs. Speaking of [Bitcoin futures](https://www.aax.com/futures/trade/BTC:USD:FP?lang=en-US), the amount locked in contracts betting on the future price of Bitcoin hit a record high of \$14 billion over the weekend.

## [Analysts Explain Why Bitcoin Futures Open Interest Just Topped \$14 Billion](https://decrypt.co/56914/analysts-explain-why-bitcoin-futures-open-interest-just-topped-14-billion)
The total open interest (OI) across Bitcoin (BTC) futures markets today reached more than \$14 billion, according to market analytics firm Skew, and as picked up by Unfolded. Global \#bitcoin futures OI hits \$14b for the first time. pic.twitter.com/l9UeeSguu7 â unfolded. (@cryptounfolded) February 7, 2021 Bitcoin futures open interest refers to the sum of all opened futures contracts minus those that have been closed. Bitcoin futures contracts are deals that let people buy Bitcoin at a predeterm...
[News](https://decrypt.co/news)
[Coins](https://decrypt.co/news/cryptocurrencies)
3 min read
Ekin Genç
Feb 7, 2021
Feb 7, 2021
Create an account to save your articles.
However, with Chinese New Year fast approaching, many are expecting increased price fluctuations as Chinese citizens have traditionally sold their Bitcoin holdings around this time leading to a drop in price. But there are projects that seem impervious to Chinaâs festive celebrations.

## [Does the Chinese New Year really affect Bitcoin's price?](https://decrypt.co/17439/does-the-chinese-new-year-really-affect-bitcoins-price)
For the last five years running, the price of Bitcoin has fluctuated drastically in January. Historically, the wild price action seen in January often makes it the worst month for Bitcoin performance; for the last five years, Bitcoin has experienced a dump of between 15% and 50% beginning in early to mid-January, which often sends Bitcoin down to its lowest value of the year. Although there have been several explanations postulated for why this dump occurs so consistently around this time, one o...
[News](https://decrypt.co/news)
[Coins](https://decrypt.co/news/cryptocurrencies)
4 min read
Daniel Phillips
Jan 25, 2020
Jan 24, 2020
Create an account to save your articles.
Dogecoinâs rollercoaster ride continued across the weekend as more celebrities dived into pump the coin to their sizeable followings.
Joining the likes of Elon Musk and former KISS frontman Gene Simmons was Snoop Dogg.

## [Snoop Dogg Joins Gene Simmons and Elon Musk in Pumping Dogecoin](https://decrypt.co/56905/snoop-dogg-joins-gene-simmons-and-elon-musk-in-pumping-dogecoin)
Snoop Dogg has joined Tesla CEO Elon Musk and KISS bassist Gene Simmons in pumping the price of Dogecoin. @elonmusk pic.twitter.com/KElwKghpei â Snoop Dogg (@SnoopDogg) February 6, 2021 Snoop tagged Musk in the tweet, which features the Shiba Inu âDogeâ meme (Dogecoinâs avatar) photoshopped onto the cover of Snoopâs album R\&G (Rhythm and Gangsta): The Masterpiece. Twelve hours later, Musk responded with a picture of himself as Rafiki from the Lion King, holding Gene Simmons, who's holding up S...
[News](https://decrypt.co/news)
[Coins](https://decrypt.co/news/cryptocurrencies)
2 min read
Tim Hakki
Feb 7, 2021
Feb 7, 2021
Create an account to save your articles.
The rapper photoshopped one of his album covers to include the Shiba Inu mascot, which was followed by Elon Musk photoshopping himself, Snoop and Gene onto an image from the Lion King.
> So ⊠itâs finally come to this ⊠[pic.twitter.com/Gf0Rg2QOaF](https://t.co/Gf0Rg2QOaF)
>
> â Elon Musk (@elonmusk) [February 7, 2021](https://twitter.com/elonmusk/status/1358319935978496001?ref_src=twsrc%5Etfw)
This flurry of activity has pushed Dogeâs market cap into the top 10, as it recorded an 18% gain in the last 24 hours and an 73% surge in trading volume.

DOGE
\+1\.52%\$0.09211
***
24H7D1M1YMAX
Created with Highcharts 10.3.3
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\$0.089
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[Price data by](https://www.coingecko.com/en/coins/dogecoin?utm_source=decrypt-web&utm_medium=partnership&utm_campaign=coin_price_chart_widget)
[DOGE price](https://decrypt.co/price/dogecoin)
The projectâs market cap is now hovering around \$10 billion, but if the past few weeks are anything to go by, [itâs unlikely to last.](https://decrypt.co/56282/markets-flip-as-xrp-dogecoin-price-collapse-after-weekend-surge)
## Futures Markets Surge as Congress Fast Tracks Biden Stimulus
While the markets were closed for the weekend, Dow Jones, S\&P and Nasdaq futures all surged on the news that Joe Bidenâs \$1.9 trillion stimulus package had passed the final hurdle in the House. Itâs due to become legislation later this month, fuelling bullish market sentiment around the recovery of the US economy.
Brought to you by [AAX]()
[Learn More](https://www.dastan.co/partner) about partnering with Decrypt.
### Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
### Recommended News
- 
## [Strategy's Bitcoin Stockpile Nears BlackRock's ETF Holdings After \$1 Billion BTC Buy](https://decrypt.co/364114/strategy-bitcoin-stockpile-nears-blackrocks-etf-holdings-1-billion-buy)
Strategy indicated on Monday that it spent \$1 billion on Bitcoin last week, adding to its stockpile using proceeds that came solely from its flagship preferred share. The Bitcoin-buying firm said in an announcement that it now owns nearly 781,000 Bitcoin, a 1.8% jump compared to the week prior. With Bitcoin recently changing hands around \$70,900, the companyâs holdings were worth \$55.3 billion, according to CoinGecko. The Tysons Corner, Virginia-based firmâs latest purchase, totaling roughly 14,...
[News](https://decrypt.co/news)
[Business](https://decrypt.co/news/business)
4 min read
André Beganski
Apr 13, 2026
Apr 13, 2026
Create an account to save your articles.
- 
## ['Not Going to Stop at Bitcoin': Morgan Stanley Weighs Tokenization, Tax Solutions in Crypto Push](https://decrypt.co/364030/not-going-stop-bitcoin-morgan-stanley-weighs-tokenization-tax-solutions)
The debut of Morgan Stanleyâs spot Bitcoin ETF marked a major milestone on Wednesday for the investment bank with \$9.3 trillion in client assets, but the financial powerhouse is already weighing what could be next when it comes to crypto. The firm filed applications in January for exchange-traded funds tracking Ethereum and Solana, but itâs doubtful that the company will stop there, Amy Oldenburg, head of digital-asset strategy at Morgan Stanley, told Decrypt in an interview this week. âWeâre n...
[News](https://decrypt.co/news)
[Business](https://decrypt.co/news/business)
3 min read
André Beganski
Apr 11, 2026
Apr 11, 2026
Create an account to save your articles.
- 
## [Exodus Rolls Out 'Exodus Pay' to Turn Bitcoin Wallet Into Spending App](https://decrypt.co/363947/exodus-pay-bitcoin-wallet-spending-app)
Exodus, the publicly traded crypto wallet provider, began rolling out a new âExodus Payâ feature on Wednesday, aiming to turn its self-custodial storage app into a tool for everyday payments. The launch is currently limited to users in five states, including New York and California. The Omaha-based firm listed its stock on the New York Stock Exchange in 2024 and says the new feature expands the role of its wallet beyond storage into payments. The company positions the service as an alternative...
[News](https://decrypt.co/news)
[Business](https://decrypt.co/news/business)
2 min read
Jason Nelson
Apr 10, 2026
Apr 10, 2026
Create an account to save your articles.
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| Readable Markdown | Tesla has invested \$1.5 billion into [Bitcoin](https://decrypt.co/resources/what-is-bitcoin-four-minute-instant-guide-explainer), according to an SEC filing today.
"Thereafter, we invested an aggregate \$1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term," the filing [said](https://www.sec.gov/Archives/edgar/data/0001318605/000156459021004599/tsla-10k_20201231.htm). The filing added that Tesla expects to begin accepting Bitcoin as payment for its products, including its cars, in the near future.
Bitcoin's price has shot up on the news, rising from \$39,000 to \$43,000 at press timeâbreaking a [new all-time high](https://decrypt.co/56959/bitcoin-breaks-all-time-high-as-tesla-invests-1-5-billion-in-btc).
## [Bitcoin Breaks All-Time High as Tesla Invests \$1.5 Billion in BTC](https://decrypt.co/56959/bitcoin-breaks-all-time-high-as-tesla-invests-1-5-billion-in-btc)
The price of Bitcoin has spiked to a new all-time high today on the back of news that EV manufacturer Tesla has invested \$1.5 billion into Bitcoin. The cryptocurrency's current price is now \$44,790, up 8.5% in the last hour. Most of the growth came immediately after the news broke. Bitcoin rose from \$39,244 to hit a high of \$43,233 in just 20 minutes, according to CoinGecko. As a result, Bitcoin is now up 11.4% in the last week, 30% in the last month and 340% in the last year. The surging Bitco...
Experts judged the move unsurprising, while conceding it was a major development for the cryptocurrency. "People have basically just been waiting for the moment that Elon Musk would announce one of his companies has allocated part of their treasury assets to Bitcoin," said Guy Hirsch, managing director for US at eToro.
Hirsch also noted that news of Tesla's Bitcoin play emerged mere days after the recent [MicroStrategy WorldNow conference](https://decrypt.co/56498/microstrategy-avalanche-companies-bitcoin-crusade), aimed at enticing institutional investors into Bitcoin. At the event, MicroStrategy CEO Michael Saylor said he expected an "avalanche of companies" converting their balance sheets into Bitcoin. "It's further proof that the smart money is still buying Bitcoin even when many others were shedding BTC holdings as it continued to trade sideways," said Hirsch.
"Musk and Tesla move markets in a way few others can, and this may be the point where we look back and realize Bitcoin went mainstream," he added.
The filing says that Tesla updated its investment policy in January in order to diversify its cash on hand and maximize returns. Its policy says that it may invest its reserves into digital assets, gold, gold ETFs and other assets. It was with this new policy in mind that it invested heavily into Bitcoin.
## Michael Saylor extended offer to Elon Musk
Tesla's Bitcoin purchase comes just over a month after MicroStrategy's Saylor [extended an invitation](https://decrypt.co/52092/bitcoin-pumps-as-michael-saylor-extends-offer-to-elon-musk) to Elon Musk, offering to show him his playbook for buying Bitcoin. "If you want to do your shareholders a \$100 billion favor, convert the \$TSLA balance sheet from USD to \#BTC. Other firms on the S\&P 500 would follow your lead & in time it would grow to become a \$1 trillion favor," Saylor said at the time.
## [Bitcoin Pumps as Michael Saylor Extends Offer to Elon Musk](https://decrypt.co/52092/bitcoin-pumps-as-michael-saylor-extends-offer-to-elon-musk)
Listen here, Elon Musk: Michael Saylor, CEO of MicroStrategy, has some advice. Saylor has bought \$1.3 billion in Bitcoin in the past few months, he claims on Twitter, and he's willing to share his tips with you, the self-titled Lord Edge. MicroStrategy bought hundreds of millions in Bitcoinâ\$500 million since August, and plans to buy another \$650 million more with investors' money. Since Saylor invested, Bitcoin has more than doubled in price; yesterday, it hit a new all-time high of \$24,000. M...
Musk replied, asking, "Are such large transactions even possible?" It's likely he was referring to whether it's possible to buy such large amounts of Bitcoin, not in terms of sending large Bitcoin transactions.
It wasn't long before Musk started tweeting a lot more about cryptocurrency. On January 29, he [changed his Twitter bio](https://decrypt.co/55943/elon-musks-twitter-bio-now-says-one-word-bitcoin) to just one word: \#Bitcoin. He later [confirmed on Clubhouse](https://decrypt.co/56167/elon-musk-now-supports-bitcoin-saying-it-is-a-good-thing) that he was now a "supporter of Bitcoin."
"I am late to the party but a supporter," he told his audience. "Bitcoin is on the verge of getting broad acceptance by traditional finance people."
Musk has also been tweeting about Dogecoin with some regularity, from memes to comments that it will be the future currency of earth. While the price of Dogecoin [pumped](https://decrypt.co/56544/dogecoin-price-shoots-up-on-elon-musks-to-the-moon-tweets) as a result of Musk's "joking" tweets, it seems like his heartâand Tesla's pocketbookâwas focused on Bitcoin, after all.
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| Shard | 27 (laksa) |
| Root Hash | 3924156253167088827 |
| Unparsed URL | co,decrypt!/56957/elon-musks-tesla-has-invested-1-5-billion-into-bitcoin s443 |