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> I've never heard of a company making an investment like that in a stock. It's commonplace for companies to invest cash in all sorts of things, including stoc
by GordonS 6y ago
> I've never heard of a company making an investment like that in a stock.
It's commonplace for companies to invest cash in all sorts of things, including stocks, commodities, real-estate and other (fiat) currencies. Some of this is hedging against currency fluctuations, and some is speculative investing for gains.
If Tesla had invested $1.5B in stocks or commodities etc, they couldn't use those to pay for wages etc either. Presumably they view Bitcoin as an investment, and plan to later exchange some/all for fiat currencies, just as you would with stocks or commodities.