Tesla Inc. invested $ 1.5 billion in Bitcoin and stated that it wants to accept the cryptocurrency as a form of payment and price it to a new record.
The electric car market leader said in a filing Monday that it had placed the bet on Bitcoin after updating its investment policy last month to allow the company to invest in digital assets and gold bullion and traded on the exchange. funds.
“We expect to accept Bitcoin as a form of payment for our products in the near future, subject to applicable law and initially on a limited basis,” Tesla said in the securities filing.
Bitcoin price rose a whopping 13% to a record high of $ 43,725.51 on the news. It was up about 10% to $ 42,620 by 8:08 a.m. in New York.
Chief Executive Officer Elon Musk has often tweeted about cryptocurrency-related topics earlier this month called Bitcoin “a good thing” in an interview.
– With the help of Esha Dey