Tesla expects to begin accepting Bitcoin for payment

[waybesuricata]

Elon Musk’s Tesla Motors is following in the footsteps of MicroStrategy and other companies by allocating part of its balance sheet to Bitcoin (BTC).

In Monday’s filing with the Securities and Exchange Commission, the company announced it had purchased an aggregate of $1.5 billion in Bitcoin, to be held as an investment and store of value for its excess cash. It is currently unknown what is the average purchase price and number of BTC the company acquired. Tesla's investment policy has been updated at an unspecified point in January 2021, which suggests that Tesla may be holding between 35,900 and about 45,500 BTC, corresponding to average prices of $42,000 and $33,000, respectively. Given Bitcoin's price movement in the last few weeks, the 45,500 BTC estimate is likely closer to the true amount.


Source and continuation of the article: https://cointelegraph.com/news/tesla-expects-to-begin-accepting-bitcoin-for-payment

[Bobcrypto]

Yeah, some good analyst and had come with the Tesla bitcoin purchased to be within the region of 43,000 bitcoin in the of sum $1.5b.
Honesty. Tesla motors has really proved they are in for the future growth of crypto by investing that huge sum of cash into bitcoin; a great boost for crypto economy. This is cheering news for the growth and development of cryptocurrecy, it is the beginning of more awareness and bitcoin adoption worldwide.