In this video

Share

Tesla's investment in bitcoin is a really big deal, says Galaxy Digital's Novogratz

Tesla announced Monday it has bought $1.5 billion worth of bitcoin. In a filing with the Securities and Exchange Commission, the company said it bought the bitcoin for “more flexibility to further diversify and maximize returns on our cash.” Michael Novogratz, Galaxy Digital CEO and chairman, joined "Squawk Box" on Monday to discuss.
03:27
Mon, Feb 8 20219:23 AM EST