Yesterday Tesla announced that they are purchasing $1.5B worth of bitcoin. It is unknown at what price they are purchasing at this moment, however excluding Tesla we are seeing 0.56% of the total market cap of BTC held by public companies. It is expected that the number may continue to grow as more public companies consider whether to hold bitcoins or not as part of corporate treasuries.
It seems to me a big of a deal that Tesla has finally joined the Bitcoin Mania. It might be the one final move that will turn a lot of companies or individuals into Bitcoin. I'm sure there were doubts that were finally resolved after Tesla's decision to convert $1.5 billion of their fiat into Bitcoin. That's something that will definitely clear and provide a green light to a lot of companies' withheld decision as to whether to invest in Bitcoin or not.
The other risks is how would governments and regulators respond to this as more private companies are looking to acquire bitcoin over fiat currencies
But the risk is somehow minimized as Tesla is now on the other side. Government regulators cannot just do their thing knowing that they are up against certain huge and reputable names which are better off befriended rather than made into enemies.