Musk's bitcoin bet fuels gains in companies already invested

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Shares of companies that have invested in bitcoin have vastly outperformed on Wall Street in 2021 and are extending their gains thanks to Tesla's ...

Shares of companies that have invested in bitcoin have vastly outperformed on Wall Street in 2021 and are extending their gains thanks to Tesla's US$1.5 billion bet on the soaring digital currency.

Graphic - Soaring shares of companies that own bitcoin: https://graphics.reuters.com/CRYPTO-CURRENCIES/COMPANIES/nmopaznbxva/chart.png Companies with much more significant exposures to bitcoin in proportion to their overall stock market value than Tesla have also rallied following Tesla's disclosure, increasing already strong stock gains driven by the cryptocurrency's recent rally.

 

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