Tesla and other large companies that have made quite large investments in Bitcoin which in the end many companies want to follow in their footsteps.
I will not use Tesla as an exam or advise anyone to take their approach. MicroStrategy is doing a nice job, and they have been holding for long without selling, but for Tesla and its CEO Elon, they have an unstable stance in terms of Bitcoin; he can wake up any day and decide to go back to his excuse of Bitcoin being harmful to the environment as an excuse again to empty their 11,509 bitcoins which they hold.
The headline says that they plan to invest that money in crypto, and since the article is unavailable to me, I wonder if it's true that they only want BTC or do they have other plans? Given that these are people who are connected to the very top of US politics, I would not be surprised if they have similar thoughts as those to whom they generously donated during their campaigns. In other words, perhaps a good portion of these investments will go towards altcoins.
The link the OP provided is for only paid membership to access the full content, but you can get the full details from the source below.
The consortium plans to launch a new firm called 21 Capital using $200 million raised in January through the recently established SPAC, Cantor Equity Partners.
21 Capital will receive $1.5 billion in Bitcoin from Tether, $900 million from SoftBank, and $600 million from Bitfinex, as per the report. It also intends to raise a $350 million convertible bond and a $200 million private placement of equity to fund additional Bitcoin purchases, mirroring Strategys Bitcoin playbook.
The partners Bitcoin investments will be converted into shares of 21 Capital at $10 per share, effectively valuing Bitcoin at $85,000 per coin. The deal, expected to be unveiled in the coming weeks, will expand Cantors footprint in the digital asset market, following its advisory role in Tethers $775 million investment in Rumble.
Even if it's just BTC, it could have a positive effect on the price, but I don't think it can be considered positive for BTC in the long term - because if we go in this direction, in 5-10 years millions of BTC will be in the possession of a few big companies. Nothing can be done here, those who have money will buy, those who need money will eventually sell.
This is one of my fears in terms of institutional investors and country governments coming into the acquisition of bitcoin; it will all boil down to a level where they have their hands in the larger portion of Bitcoin since they can't control the network that can give them access to at least manipulate the market to some extent, which is the disadvantage and negative impact that many are not picturing from this perspective; rather, they are more focused on price increases.