Tesla Inc. (Nasdaq: TSLA) CEO Elon Musk could turn over શેર 100 billion to his shareholders by converting itc tobiker’s balance sheet into bitcoin Microstarchy Inc. (Nasdaq: MSTR) Counter Michael Saylor suggested.
what happened: Silver made the remarks in response to Kasturi’s shit on the top cryptocurrency on Sunday.
If you want to get your shareholders in favor of 100 100 billion, convert it S TSLA Balance sheet from USD # BTC. Other companies on the S&P 500 will follow your lead and grow over 1 1 trillion over time.
– Michael Seller (@ Michael_Seller) December 20, 2020
“Are such large transactions even possible?” Musk Probed.
In ResponseSaylor offered to share his “playbook” with the Tesla CEO, saying he had bought more than 3 1.3 billion in Bitcoin in the past few months. Just a warning? The seller will share these secrets offline.
Why it’s important: Coinbase, which applied for an IPO earlier this month, facilitated the purchase of for 425 billion worth of bitcoin for microstratgy earlier this year.
Virginia-based Microstrategy to fund the purchase in December. 550 million in debt. Citi Analyst then downgraded the firm, calling the seller’s focus on Bitcoin “disproportionate”.
Synbase CEO Brian Armstrong said on Twitter late Sunday night that if any company wants to keep cryptocurrency on its balance sheet, Synbase can help.
It seems that more and more companies are starting to hold crypto on the balance sheet as a hedge against inflation. We can help https://t.co/KWYOemrDMO
– Brian Armstrong (Brian_Armstrong) December 21, 2020
Bitcoin is among the others that have jumped on the bandwagon PayPal Holdings Inc. (Nasdaq: PYYPL) and led by Jack Dorsey Square Inc. (NYSE: SQ).
See also: PayPal CEO on Cryptocurrency Expansion: ‘The Beginning of Opportunity’
Although cryptocurrency has crossed the $ 23,000 mark this month, Kasturi is less than eager for Bitcoin. Billionaire entrepreneur joked via a tweet early on Sunday due to a 20% jump in cryptocurrency dojacin.
Price action: Tesla stocks rose about 6% on Friday to close at 5,695 and fell about 2.6% in the following session to close at 7 677. On the same day, Microsteregi shares rose nearly 1.1% to close at 1 301.20. Bitcoin trades at 23,680.81 dollars, up 0.76% at press time.
See also: Elon Musk’s ‘Fav Cryptocurrency’ is a joke but his 2020 return is no joke
Photo courtesy of Forbes by Wikimedia
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