Did Tesla Secretly Buy $1.5B Dogecoin?

An absolute bomb is dropping on the crypto world last afternoon. Rumors of a billion-dollar Dogecoin (CCC:DOGE-USD) purchase by a certain billionaire’s company are floating around this week. Yes, the rumor mill is beginning to stock up evidence that Tesla (NASDAQ:TSLA) is behind one of the largest DOGE purchases of the year. Is Tesla buying Dogecoin? Let’s look at the DOGE rumors.

Crypto YouTuber and DOGE extraordinaire Matt Wallace has been dropping Dogecoin news and rumors for some time. He was the first to report about the rumored Dogecoin smart contracts early in the week. And now, he’s claiming that Tesla is behind a gigantic purchase of DOGE just over a week ago.

On his Final Stand YouTube channel, Wallace made his case. Tesla’s $1.5 billion purchase in Bitcoin (CCC:BTC-USD) earlier in the year was a highly successful venture, one which netted the company a healthy profit. The purchase did well to boost cryptos across the board as well; that is, until Musk’s divorce from BTC led to a market-wide correction.

Since then, Musk has been flirting heavily with DOGE and its supporters. Asking on Twitter if investors want him to add DOGE as a Tesla payment method, it’s clear that he’s quite fond of the coin. (Source: investorplace)