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Bitcoin Rises Above $40,000 on Elon Musk Tweet, MicroStrategy Plans

Bitcoin reached its highest level in more than two weeks, lifted by MicroStrategy’s bond offering and an Elon Musk tweet

6/15/2021 6:45:00 AM

Bitcoin reached its highest level in more than two weeks, lifted by MicroStrategy’s bond offering and an Elon Musk tweet

The cryptocurrency jumped as MicroStrategy completed a bond offering allowing it to buy more bitcoin and following fresh comments from the Tesla CEO.

Bitcoin reached its highest level in more than two weeks Monday, buoyed by MicroStrategy Inc. completing its$500 million offering of junk bondsto buy bitcoin and by fresh comments from Tesla Inc. Chief Executive Elon Musk.The world’s largest cryptocurrency by market value traded as high as $41,046.77—a nearly 11% rise from its Friday level at 5 p.m. ET.

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The market value of all bitcoin in circulation climbed to $752.23 billion, according to CoinDesk.MicroStrategy said in a securities filing on Monday that it raised $488 million from its bond sale, an increase from the $400 million it initially planned. The funds will be used to purchase additional bitcoin.

The company has been a longtime investor in the cryptocurrency, and this was its third bond sale to purchase bitcoins in less than a year. Read more: The Wall Street Journal »

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Artwork: “Mars is Mine” for sale. Canvas.oil. Size 110/200 Who knows any crypto wallet that works in Pakistan The clown started backing BTC again, Anonymous rules. No backing on assets, not production of goods/services. No cashflow, not dividends. No job creation. Value based on personal views/opinion/comments and speculation. Hi fuel consumption for energy at the expense of the environment. Subjective based on comments. Voilà!

This guy won’t accept Bitcoin because miners won’t go clean energy.. it is all BS quarterly dressing for Tesla Whatever Net neutrality 💰 Seriously too? This is pathetic personal branding.... Just a waste of money, marketing exposure this rich dude... Bitcoin is so volatile man, traditional stock markets looks like steady real estate investments in comparison 😅

I don’t know why people follow his every move so closely. Wealthy people don’t want to help average people become wealthy. Time for Elon to come back on Twitter, say he’s changed his mind, then watch it fall 50%. 😂🤣😂🤣

Bitcoin pops 12% to $40,000 after Tudor Jones endorsement, Musk's about-face on accepting cryptoElon Musk said Sunday that Tesla will resume bitcoin transactions once the firm confirms there is 'reasonable' clean energy usage by miners. KITTY BNB BSC DEFI Binance Persija_Jkt bts_bighit BTS_BiTS

Touch it. Feel it. You can't. Tulips See! A successful African American. good No, Elon musk had nothing to do with it. Bitcoin

Bitcoin climbs near $40,000 after Musk says Tesla could use it againBitcoin climbed to shy of $40,000 on Monday, after yet another weekend of price swings following tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume transactions using it. If I enjoy this privilege all alone, it shows how ungrateful I am because I got my breakthrough from a post been posted online on how Bitcoin Trading works so I got involved and my story changed and I also want to recommend everyone too. All thanks to kimberlyalr88 💁‍♂️ PumpAndDump I’m getting tired of this dude

Musk says Tesla will accept bitcoin again as crypto miners use more clean energyTesla CEO Elon Musk on Sunday said the company will resume bitcoin transactions once it confirms there is reasonable clean energy usage by miners. We need the clean energy for other things. I don't even trust paper currency. He is the one who needs to be cleaned

Elon Musk says Tesla to accept bitcoin transactions again if enough clean energy usage confirmedThe price of bitcoin rose about 5 percent to nearly $37,360 about half an hour after Musk's remarks. Lol and how much Cole fired plants are used to charge the “clean energy “ Tesla’s 🙄🙄🙄🙄

Bitcoin pops 10% after Musk suggests Tesla could accept the cryptocurrency againElon Musk said Sunday that Tesla will resume bitcoin transactions once the firm confirms there is 'reasonable' clean energy usage by miners. This is a lie, it was up like 6% before he tweeted Pumping the Ponzi. nice

Elon Musk says Tesla will resume Bitcoin purchases when Bitcoin gets greenerFifty percent is the magic this is terrible news Or he can accept a completely sustainable coin…. HEX Check it out: