Tesla, led by Elon Musk, confirmed that it bought about $ 1.5 billion in bitcoin in January and expects to begin accepting it as a cost sooner or later.
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As bitcoin and different digital currencies surge in worth, traders are on the lookout for different methods to play the crypto craze.
Bitcoin is up over 90% for the reason that begin of 2021, even after ain costs noticed the market shed greater than $200 billion in worth. Ether, the second-largest digital coin by market worth, has climbed virtually 350% year-to-date.
In a observe printed Thursday, analysts atnamed a listing of shares which can be bouncing alongside bitcoin. The financial institution discovered that, on common, these shares have considerably outperformed the S&P 500 this 12 months.