Tesla Inc. invested $ 1.5 billion in Bitcoin and signaled its intention to start accepting cryptocurrency as a form of payment, sending prices to new disc.
The leader in the electric car market said in a presentation on Monday that it made a bet on Bitcoin after updating its investment policy last month to allow the company to invest in digital assets as well as bullion gold and funds traded in exchange for gold.
“We hope to begin accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially to a limited extent,” Tesla said in the securities filing.
The price of Bitcoin rose up 13% to an all-time high of $ 43,725.51 in the news. It rose about 10% to $ 42,620 at 8:08 a.m. in New York City.
CEO Elon Musk has often tweeted on issues related to cryptocurrencies and earlier this month in an interview he said Bitcoin “a good thing.”
– With the assistance of Esha Dey