Media: Coinbase helps Tesla buy 1.5 billion Bitcoins


Tesla Elon Musk invested $ 1.5 billion in the premier cryptocurrency in early February using the U.S. bitcoin exchange Coinbase. Writes about it The block with reference to the sources.

According to them, the trading platform was buying coins through a number of OTC exchanges for several days.

Interlocutors of the publication claim that we are talking about the Coinbase brokerage service. It is built on the Tagomi platform, which the exchange acquired in May 2020.

In December, the platform also helped analytics software provider MicroStrategy invest $ 425 million in Bitcoin. More than five Fortune 500 companies are also clients of the service, sources say.

In late January 2021, Coinbase filed an S-1 Initial Offer (IPO) with the US Securities and Exchange Commission.

Later, the media reported that the exchange chose the Nasdaq as the platform to go public through direct listing.

Recall that the price of Coinbase stock futures on the FTX platform has risen to $ 369, implying a possible capitalization of the company at $ 92.2 billion.

Based on the price of shares traded on the secondary market of the Nasdaq Private Mark, this indicator is $ 77 billion.

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