Tesla bought Bitcoin for $ 1.5 billion and plans to accept it as payment

Tesla bought Bitcoin for $ 1.5 billion and plans to accept it as payment

Tesla buys $1.5 billion in Bitcoin, plans to accept it as payment

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테슬라, 비트코인 1조7천억원어치 구매…\”결제수단 허용\”\n\nPeople could soon be able to buy a car with digital currency.\nIn its annual filing with the Securities and Exchange Commission, Tesla said it expects to begin accepting Bitcoin as a form of payment subject to applicable laws and initially on a limited basis.\nThat would make Tesla, the most valuable car company on the stock market the first major automaker to do so.\nIn addition, Tesla said it has invested 1-point-5 billion U.S. dollars in bitcoin with the aim of investing a portion of its cash in certain alternative reserve assets.\nThe announcement may have given the cryptocurrency a fresh dose of legitimacy.\nThe price of Bitcoin was up 12 percent in morning trading while shares of Tesla were up 2 percent in early trading.\n\n#Tesla #Bitcoin #Economy\n\n📣 Arirang News(Facebook) : https://www.facebook.com/arirangtvnews\n📣 Arirang News(Twitter) : https://twitter.com/arirangtvnews\n📣 News Center(YouTube) : https://www.youtube.com/c/NEWSCENTER_ARIRANGTV\n\n\n2021-02-09, 07:00 (KST)

Tesla bought Bitcoin for $ 1.5 billion and plans to accept it as payment

Tesla announced on Monday that it had bought $ 1.5 billion worth of bitcoins, according to a statement from the US Securities and Exchange Commission (SEC).

According to the documents, the company said it bought the Bitcoin cryptocurrency for «more flexibility and for further diversification and increased profit from cash».Tesla bought Bitcoin for $ 1.5 billion and plans to accept it as payment In addition to buying digital currency, Tesla has said it will start accepting bitcoin payments in exchange for its products. This could make Tesla the first major automaker to accept Bitcoin as payment.

The move raised immediate questions regarding the CEO’s performance Ilona Mask on Twitter in recent weeks, where he is credited with raising the price of cryptocurrencies such as Bitcoin and Dogecoin by posting positive messages about them and therefore encouraging more people to buy.

Bitcoin prices climbed to new highs on Monday following news of Tesla, reaching at least $ 43,200. Tesla shares are up more than 2% in the premarket. Tesla warned investors about bitcoin price volatility in its filings for the SEC.

This decision of the company represents an investment of a significant part of the available funds in investments.

Tesla bought Bitcoin for $ 1.5 billion and plans to accept it as payment

According to the latest data, the company had over $ 19 billion in cash and cash equivalents at the end of 2020..