Shortly after Draper's public nudge, Tesla announced it had purchased $1.5 billion in Bitcoin and planned to start accepting it as payment.
Draper suggested that even if Musk didn't want to manage the Bitcoin directly, he could use OpenNode , a Bitcoin payment processor backed by Draper Associates , to facilitate the transaction. BTC billionaire Tim Draper to Elon Musk: I’d bu...
This was part of a larger push by crypto advocates to see Bitcoin adopted as a mainstream payment method. Timeline of Tesla and Bitcoin Shortly after Draper's public nudge, Tesla announced it