RE: Elon Musk now the richest person in the world, keep pushing him Michael Saylor!
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You mean issue new stocks with Bitcoin as collateral... That would be possible, but not wise as it would dilute value of the existing stocks.
Only way for it to work is to first buy back excess of the existing stocks and void them. After that Tesla can issue any amount of new stocks. This way it is clear the company has adequate liquidity and that the stock price is not a bubble.
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No I mean issue shares in exchange for cash, which is then used to buy bitcoin.
I would never use cash to buy large amounts of cryptocurrency... In a lot of countries you pay fees proportional to the amount being transferred...
It's not like in my country, where wire transfers are free if the recipient is a registered company.
A lot of the large purchases are done OTC, that plus Michael Saylor even offered to give Elon the blue print of how to best get hundreds of millions or billions into bitcoin.
Pack zillion of cash in suitcase and keep laptop or mobile phone to make the Bitcoin transfer ;) That's how they do it on TV ;)