Tesla’s investment in bitcoin is a really big deal, says Galaxy Digital’s Novogratz

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  • CNBC Television published this video item, entitled “Tesla’s investment in bitcoin is a really big deal, says Galaxy Digital’s Novogratz” – below is their description.

    Tesla announced Monday it has bought $1.5 billion worth of bitcoin. In a filing with the Securities and Exchange Commission, the company said it bought the bitcoin for “more flexibility to further diversify and maximize returns on our cash.” Michael Novogratz, Galaxy Digital CEO and chairman, joined “Squawk Box” on Monday to discuss.

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    In This Story: Bitcoin

    Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software.

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