After acquiring $1.5 billion in Bitcoin, Tesla’s CFO officially receives the title of “Master of Coin” by Elon Musk.
The CEO of Galaxy Digital predicts that BTC will absorb a large portion of the money approved with the US stimulus package.
According to a Form 8-K filed by Tesla, the company’s CEO Elon Musk and the CFO Zach Kirkhorn have been given new titles. Both retain their positions, but from now on will also be referred to as “Technoking of Tesla,” in Musk’s case, and “Master of Coin” in Kirkhorn’s case.
As reported by CNF, in early February this year Tesla bought $1.5 billion in Bitcoin to add to its treasury. The company decided to invest in BTC for “more flexibility to further diversify and maximize the return on our cash.” Following this announcement, the price received a massive bullish push and surged near $58,000 at a new all-time high.
Although the document filed with the SEC makes no reference to the cryptocurrency, Tesla’s CEO has made numer
