Tesla Buys $1.5 Billion in Bitcoin and Will Accept Crypto as a Payment Method..

[Nostoman]

Bitcoin hit record highs on the news — and it comes after repeated pro-crypto tweets from Elon Musk in recent weeks.

Bitcoin hit record highs on the news — and it comes after repeated pro-crypto tweets from Elon Musk in recent weeks.

Tesla has revealed that it has bought $1.5 billion in Bitcoin in a filing with the U.S. Securities and Exchange Commission.

 

The announcement is an extremely bullish development to say the least. Bitcoin broke record highs as investors digested the news, hitting $42,541.78 at the time of writing.

 

In the filing, Tesla explained that it has updated its investment policy “to provide us with more flexibility to further diversify and maximize returns on our cash.”

 

This means that the electric vehicle manufacturer is reserving the right to invest in “certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future.”

More information coinmarketcap

Every bitcoin Holder more excited. And you? What do you think about bitcoin, in this situation?