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.
Make us preferred on Google
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
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
How a 'perpetual’ stock trick could solve Michael Saylor’s $8 billion debt problem
The bitcoin treasury firm is using perpetual preferreds to retire convertibles, offering a potential framework for managing long-dated leverage.
What to know:
- Strive upsized its SATA follow on offering beyond $150 million, pricing the perpetual preferred at $90.
- The structure offers a blueprint for replacing fixed maturity convertibles with perpetual equity capital that removes refinancing risk.
- Strategy has a $3 billion convertible tranche due in June 2028 with a $672.40 conversion price, which could be addressed using a similar preferred equity approach.
Top Stories
