Crypto Weekly: 2/17/2021
Feb 17, 2021
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As we noted last week, Tesla recently announced it had added $1.5 billion of Bitcoin to its balance sheet. The announcement came less than two weeks after Elon Musk added #Bitcoin to his Twitter bio, an act that caused a huge buzz amongst crypto enthusiasts. Tesla’s Bitcoin purchase adds to the growing list of public companies that are buying and holding Bitcoin in their treasuries.
Source: https://bitcointreasuries.org/
Excluding Tesla, public corporate treasuries currently account for approximately 104,716 Bitcoin or 0.5% of the 21 million total supply cap. Although it has not b...