Tesla Tapped Coinbase for $1.5 Billion Bitcoin Buy: Report

Coinbase’s institutional trading wing managed electrical car-maker Tesla’s $1.5 billion bitcoin financial investment previously this month, according to The Block.

The report highlights Coinbase’s expanding duty as company America marches deeper right into crypto. Coinbase managed MicroStrategy’s very early allotments and also The Block reported it has 5 Fortune 500 companies as customers.

CoinDesk might not individually validate the report at press timeWednesday Coinbase decreased to comment.

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