fbpx
QQQ
+ 1.49
339.75
+ 0.44%
DIA
-2.12
347.24
-0.61%
SPY
-0.75
425.06
-0.18%
TLT
-1.10
143.41
-0.77%
GLD
-1.29
177.03
-0.73%

Indianapolis 500 To Feature Bitcoin Sponsored Car May 30: What You Should Know

May 12, 2021 4:44 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Indianapolis 500 To Feature Bitcoin Sponsored Car May 30: What You Should Know

The iconic Indianapolis 500 will feature Bitcoin as the main sponsor on one of the cars, and it will likely be a hot topic for media before and during the race.

What Happened: The Ed Carpenter Racing team announced a partnership to feature Bitcoin (CRYPTO: BTC) as the primary paint scheme for Rinus VeeKay’s No. 21 car for the Indianapolis 500, Sportico reports.

“Just as Bitcoin is revolutionizing our financial system, I see it as an opportunity to transform how we operate within our motorsport industry,” Ed Carpenter said in a statement.

ECR will also integrate Bitcoin as a payment option for its employees, making it the first team in circuit history to offer this option.

VeeKay has three top-five and eight top-10 finishes in 18 starts during his second season. VeeKay finished 20th in last year’s Indianapolis 500.

Related Link: Could Netflix Help Shares Of Formula One?

Why It’s Important: The Indianapolis 500 is one of the most iconic sporting events in the United States. The 2021 event returns to its traditional Memorial Day weekend slot after moving to August in 2020 due to the pandemic.

The race will allow a reduced 40% capacity, which is around 135,000 fans, and be broadcast on NBC, a unit of Comcast Corporation (NASDAQ:CMCSA) on May 30.

Price Action: Bitcoin is trading at $54,241 at the time of writing.

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.


Related Articles

If You Bet $1,000 On Helio Castroneves To Win Indy 500, Here's How Money Much You Would've Won

The 105th running of the Indianapolis 500 featured a Bitcoin car, more than 100,000 live fans and a thrilling finish putting a well-known racer into an elusive club. Bettors who backed Indy 500 winner Helio Castroneves were also rewarded with a big payout. read more

Indianapolis 500 2021: How To Watch Indy 500, Betting Preview, Betting Picks

The Indianapolis 500 is returning to its typical Memorial Day Weekend slot after being pushed to August in 2020 during the pandemic. Here's Benzinga's look at how to watch the race, a betting preview and some potential bets to consider. read more

Dogecoin Hits Another All-Time High Just Below 45 Cents Amid Elon Musk-SNL Speculation

Dogecoin (DOGE) hit an all-time high of nearly $0.45 on Monday night, days ahead of Tesla Inc (NASDAQ: TSLA) CEO Elon Musk’s scheduled appearance on “Saturday Night Live” where the joke cryptocurrency is expected to feature. read more

Elon Musk Says Something On Dogecoin Will 'Definitely' Feature In His SNL Episode

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk suggested Sunday that meme cryptocurrency Dogecoin (DOGE) as a topic will "definitely" feature in his “Saturday Night Live” appearance on May 8. read more