March 5, 2021

Tesla invested in Bitcoin, BTC above $ 44,000

Tesla invested in Bitcoin, BTC above $ 44,000

Elon Musk's company invested $ 1.5 billion in bitcoin. The bitcoin rate reacted by establishing a new record.

According to a filing with the SEC, the company bought bitcoin for $ 1.5 billion. In addition, in the “near future”, the manufacturer will start accepting payments in BTC as payment for cars and parts.

Today, February 8, the bitcoin rate rose by $ 4 thousand in just a few minutes. The maximum was set at around $ 44,800.

Tesla invested in Bitcoin, BTC above $ 44,000

Tesla's filing states:

In 2021 we updated our investment policy,to increase the profit from our funds in reserve. As part of this policy, we can invest part of the funds in alternative assets, including digital assets.

The company representatives continue:

Thus, we invested approximately $ 1.5billion to bitcoin. In the future, we may buy other digital assets for the purpose of medium or long term profit. In addition, in the near future, we plan to start accepting Bitcoin as a method of payment for our products.

Recall that the richest man in the world, ElonMusk has repeatedly expressed his interest in cryptocurrencies. During a recent podcast, he stated that Bitcoin "is on the verge of mass adoption."

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According to the materials cointelegraph.com