U.S. markets open in 19 minutes
  • S&P Futures

    4,242.75
    +32.75 (+0.78%)
     
  • Dow Futures

    33,539.00
    +279.00 (+0.84%)
     
  • Nasdaq Futures

    13,497.25
    +105.25 (+0.79%)
     
  • Russell 2000 Futures

    1,986.80
    +17.30 (+0.88%)
     
  • Crude Oil

    93.23
    +1.30 (+1.41%)
     
  • Gold

    1,811.90
    -1.80 (-0.10%)
     
  • Silver

    20.51
    -0.23 (-1.09%)
     
  • EUR/USD

    1.0349
    +0.0047 (+0.46%)
     
  • 10-Yr Bond

    2.7570
    -0.0290 (-1.04%)
     
  • Vix

    19.77
    -2.00 (-9.19%)
     
  • GBP/USD

    1.2230
    +0.0012 (+0.10%)
     
  • USD/JPY

    132.0030
    -0.8700 (-0.65%)
     
  • BTC-USD

    24,799.90
    +803.38 (+3.35%)
     
  • CMC Crypto 200

    584.88
    +53.66 (+10.10%)
     
  • FTSE 100

    7,470.42
    -36.69 (-0.49%)
     
  • Nikkei 225

    27,819.33
    -180.63 (-0.65%)
     

Tesla Tapped Coinbase for $1.5B Bitcoin Buy: Report

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Coinbase’s institutional trading wing handled electric car-maker Tesla’s $1.5 billion bitcoin investment earlier this month, according to The Block.

The report illustrates Coinbase’s growing role as corporate America marches deeper into crypto. Coinbase handled MicroStrategy’s early allocations; The Block reported it has five Fortune 500 firms as clients.

CoinDesk could not independently confirm the report at press time Wednesday. Coinbase declined to comment.

Related Stories