04-01-2021, 10:55 AM
Thanks to Elon Musk, everyone that owns a piece of the SP500 now owns a piece of Bit
<!-- SC_OFF --><div class="md"><p>Tesla is the 8th biggest company by market cap in the S&P500. I'm not sure the price they bought it at but Tesla bought $1.5 billion worth of Bitcoin in January. Bitcoin was in the $40k range so let's say $45k, that's 33,333 Bitcoins Tesla owns. Tesla has 959,846,091 shares so that's 0.00003472744 BTC per share. About $2 worth of Bitcoin out of $667 share price.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BigOleBanano"> /u/BigOleBanano </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mhltso/thanks_to_elon_musk_everyone_that_owns_a_piece_of/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mhltso/thanks_to_elon_musk_everyone_that_owns_a_piece_of/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Tesla is the 8th biggest company by market cap in the S&P500. I'm not sure the price they bought it at but Tesla bought $1.5 billion worth of Bitcoin in January. Bitcoin was in the $40k range so let's say $45k, that's 33,333 Bitcoins Tesla owns. Tesla has 959,846,091 shares so that's 0.00003472744 BTC per share. About $2 worth of Bitcoin out of $667 share price.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BigOleBanano"> /u/BigOleBanano </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mhltso/thanks_to_elon_musk_everyone_that_owns_a_piece_of/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mhltso/thanks_to_elon_musk_everyone_that_owns_a_piece_of/">[comments]</a></span>Kind Regards R