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    Home » News » Crypto Shares skyrocket after Tesla news release

    Crypto Shares skyrocket after Tesla news release

    The electric car maker announced that it has invested 1.5b in Bitcoin lately.

    Byron King (B_K)May 24, 2025



    Monday announcement from Tesla Inc (NASDAQ: TSLA) that it had officially changed its investment policy to be moved for cash in cryptocurrencies, that it had already moved $ 1.5 billion in Bitcoin, and that it planned to start using Bitcoin as payment for its cars was a game changer for the crypto space for two reasons. First, $ 1.5 billion is a huge chunk, and this is believed to start an engine of demand over time as it is unlikely that it was a one-off move. So, one of the most valuable companies in the S&P 500 is now likely to be a steady point of demand for bid in the Bitcoin market. Second, and probably more importantly, Elon Musk was one of the founders of PayPal, where he made his first fortune. He is probably as well informed about the global payments landscape and the regulatory ecosystem that surrounds it than anyone on the planet. If he thinks that bitcoin, as a true store of value and medium of exchange, is a long-term bet, who is going to contradict him? With that in mind, let's take a look at some of the top speculation in Bitcoin stocks including: HIVE Blockchain Technologies Ltd (OTCMKTS: HVBTF), Marathon Patent Group Inc (NASDAQ: MARA), ISW Holdings Ord Shs (OTCMKTS : ISWH), and Riot Blockchain Inc (NASDAQ: RIOT). HIVE Blockchain Technologies Ltd (OTCMKTS: HVBTF) is a mainstay in the crypto mining investment game. Only recently has the stock started to show lights and bangs and catch everyone's attention. But again, there is a good reason. HIVE owns state-of-the-art, green energy data center facilities in Canada, Sweden and Iceland, where newly minted digital currencies such as Bitcoin and Ethereum are continuously produced in the cloud. The facilities provide shareholders with exposure to digital currency mining operating margins as well as a portfolio of crypto coins. HIVE Blockchain Technologies Ltd. (OTCMKTS: HVBTF) recently announced the purchase of 4,180 next-generation MicroBT WhatsMiner M31S + miners with a total operating hash performance of 334 petahashes per second (PH / s) as the company continues to expand its bitcoin mining operations. According to the press release, with the addition of these 4,180 MicroBT WhatsMiner M31S + miners, HIVE's total operational hash rate in Bitcoin mining will almost double to an estimated 653 PH / s. Based on the orders placed, this new equipment is expected to be delivered in 9 tranches in 2021, with 180 miners in April and 500 miners each month for the remainder of the 2021 calendar, starting with delivery in May. The context for this announcement is a bit of a bid, stocks have been trading well over the past five days, up about 26% over that time frame. HIVE Blockchain Technologies Ltd (OTCMKTS: HVBTF) achieved sales of $ 17.3 million in its last quarterly report, which corresponds to a sales growth of 9.2%. In addition, the company has a strong balance sheet, with cash well in excess of current liabilities ($ 22.1 million versus $ 12.6 million). ISW Holdings Ord Shs (OTCMKTS: ISWH) is another increasingly interesting emerging player in the Bitcoin space, and one with a significantly smaller market cap at this stage, suggesting that there could be more upside here if the stock moves with the space can catch up. The company entered into a joint venture partnership with Bit5ive in May 2020 to develop and deliver a sleek, powerful, and efficient pod design for the data center. The Pod5 data center is the result. Developed in partnership with Bit5ive and primarily intended for the cryptocurrency mining industry, the Pod5 Datacenter offers next-generation dynamic self-management capabilities, plug-and-play operations, virtually zero maintenance, and best value in the industry of 1.06 for power consumption effectiveness. ISW Holdings Inc. (OTCMKTS: ISWH) also had big news to announce this morning: the Pod5 will go into full operation in Pennsylvania on February 12, 2021.

    KryptowährungenTesla





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