Share this article
Tesla Tapped Coinbase for $1.5B Bitcoin Buy: Report
Coinbase is emerging as a major player in corporate America's march toward bitcoin.
By Danny Nelson
Updated Sep 14, 2021, 12:13 p.m. Published Feb 17, 2021, 6:42 p.m.
Coinbase's institutional trading wing handled electric car-maker Tesla's $1.5 billion bitcoin investment earlier this month, according to The Block.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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.
Read more: Coinbase Brokered MicroStrategy’s $425M Bitcoin Purchase, Exchange Says
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
SpaceX’s $300M Bitcoin Stack Puts Crypto Inside the World’s Biggest Planned IPO
The Elon Musk–run company is moving ahead with plans for an initial public offering that would seek to raise “significantly more than $30 billion.” Even relatively small balance-sheet allocations matter at that scale.
What to know:
- SpaceX is planning an IPO by 2026, potentially valuing the company at $1.5 trillion.
- The company holds significant cryptocurrency assets, including bitcoin and dogecoin.
- Elon Musk's influence in crypto markets is notable, with SpaceX's IPO potentially expanding his reach in AI and crypto infrastructure.
Top Stories
