Tesla Tapped Coinbase for $1.5B Bitcoin Purchase: Report

Coinbase’s institutional buying and selling wing dealt with electrical car-maker Tesla’s $1.5 billion bitcoin funding earlier this month, in response to The Block.

The report illustrates Coinbase’s rising position as company America marches deeper into crypto. Coinbase dealt with MicroStrategy’s early allocations; The Block reported it has 5 Fortune 500 corporations as purchasers.

CoinDesk couldn’t independently affirm the report at press time Wednesday. Coinbase declined to remark.


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