Thanks to Elon Musk, everyone that owns a piece of the SP500 now owns a piece of Bitcoin

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Thanks to Elon Musk, everyone that owns a piece of the SP500 now owns a piece of Bitcoin

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.

submitted by /u/BigOleBanano
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