Tesla Inc introduced it had invested round $1.5 billion in bitcoin and deliberate to start out accepting funds for its automobiles and different items with it within the close to future.
The announcement got here after Elon Musk invited buyers to buy Dogecoin and GameStop shares.
Musk tweeted per week in the past that bitcoin was’ on the verge’ of being extra usually embraced by buyers.
In a submitting, Tesla mentioned the choice was a part of its broad funding coverage as an organization and was supposed to diversify and maximize its money returns.
“Underneath the modified coverage, it mentioned it had invested an combination $1.5 billion in bitcoin and will “receive and maintain digital belongings once in a while or long-term.
Because the information broke, Bitcoin surged greater than 7% to greater than $40,000 per coin.
