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Seeking Alpha 2021-03-24 12:43:00

Bitcoin roundup: Price rises as Tesla goes full hodler, Blockchain.com value rises to $5.2B

That Tesla will now accept bitcoin (BTC-USD) as payment makes for a good headline, but that's not really the big news as literally any company could do the same without much effort (and many have been doing so for years).The important part of the story is that Tesla will be continually stacking sats as Elon Musk says all bitcoin paid to his company will not be converted into "fiat currency." This is quite the change from a few years back when a number of companies began accepting bitcoin, but immediately converted proceeds to greenbacks."What a time to be alive," says Bitcoin OG Eric Voorhees. As for prices, the news has sent bitcoin up about $3K to just shy of $57K.In other news, London-based Blockchain.com completed another funding round, raising $300M at a $5.2B valuation. That's up from a $3B valuation at a $120M funding round just one month ago. Blockchain

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