Tesla Invests $1.5 Billion in Bitcoin

Tesla Invests $1.5 Billion in Bitcoin

3 years ago
Anonymous $K6XgmDN5_o

https://www.vice.com/en_us/article/v7mjj8/tesla-invests-dollar15-billion-in-bitcoin

Tesla, Elon Musk's electric car company, has invested a total of $1.5 billion in Bitcoin and expects to accept the cryptocurrency as payment in the "near future." 

The company revealed the investment and its plans on Monday in an annual financial report to the Securities and Exchange Commission. The company also said it may acquire and hold digital assets from "time to time or long-term." The price of Bitcoin rose by around 7 percent shortly after the news broke, and at the time of writing sits at $42,660.

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