Tesla purchases $1.5B in bitcoin

 

It was announced today that Tesla has purchased $1.5 billion worth of bitcoin. This was revealed by its CEO Elon Musk. According to its filing with the Securities and Exchange Commission, this will give the firm “"more flexibility to further diversify and maximise returns on our cash”. Moreover, the company will start accepting settlements in the cryptocurrency. Tesla is the first automaker that allows consumers to pay with digital money. In fact, for quite a while, Musk has been encouraging people to purchase cryptocurrencies by adding the hashtag #bitcoin to his Twitter account.


You can purchase a Tesla using Bitcoin © Royalty-free image


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