First Bitcoin-Sponsored Race Car Returns to the Indy 500

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Ed Carpenter Racing announced that Rinus VeeKay will race the Bitcoin race car No. 21 in the 106th running of the Indianapolis 500.


Ed Carpenter Racing became known as the “Bitcoin Racing Team” when VeeKay raced an iconic black and orange Bitcoin car in last year’s 500-mile classic.
According to the team, thanks to the sponsorship with BitNile, the Bitcoin Racing Team will continue to grow in 2022.

The Bitcoin racing team is excited to get started with the new race car.

This makes BitNile a major investor in Earnity.

The Bitcoin racing team was a natural home for BitNile.

“Fans loved the Bitcoin car last year, and now it’s going to be even better with a QR code that will allow them to earn FREE Bitcoin,” said Milton “Todd” Ault, III, BitNile’s CEO. He continued, “I believe all three ECR entrants have a real chance to win this year’s Indy 500. We are offering a special Bitcoin incentive to any winning ECR driver and the entire team if they are successful.”


BitNile provided VeeKay with the opportunity to design his own car for the Indianapolis 500. VeeKay immediately chose to paint the No. 21 orange, the national color of the Netherlands and a source of great pride for his countrymen. The front wing bears the horizontal tricolor of red, white and blue stripes, representing the national flag of the Netherlands.

VeeKay scored his first pole position and podium finish of the season at Barber Motorsports Park.

His first career pole and podium finish came on the IMS road course in 2020, and he comes into this weekend as the defending race winner, having captured the victory in 2021.

The second half of May is dedicated to the Indianapolis 500, where VeeKay has also built an impressive resume.

In 2020, he recorded the best-qualifying result by a teenager in Indianapolis 500 history by starting fourth; in 2021, he qualified third and became the youngest to start on the front row in “500” history.

In last year’s race he led 32 laps, the third-highest of all drivers in the field, before finishing eighth.

VeeKay will get his first laps in the No. 21 Bitcoin Racing Team Chevrolet Powered by BitNile when the Indianapolis Motor Speedway opens practice for the Indy 500 on Tuesday, May 17.

Practice will continue through Friday, May 20, before the Field of 33 qualifies on Saturday, May 21 and Sunday, May 22. The 106th running of the Indianapolis 500 will take place on Sunday, May 29, 2022, with coverage beginning at 11 a.m. ET on NBC.

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