BREAKING: Tesla has invested $1.5 billion into Bitcoin and expects to begin accepting BTC payments “in the near future"BTC $43,950 (+13.7%) • ETH $1708 (+6.4%) • ADA $0.66 (-0.3%)
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Author: Liam Frost Tesla, a tech company led by well-known crypto enthusiast Elon Musk, has bought $1.5 billion worth of Bitcoin and plans to add support for BTC as a form of payment in the near future, according to its filing with the US Securities and Exchange Commission (SEC) published today.
The company explained that its investment policy was updated in January 2021 to provide “more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity.” As part of this revised policy, Tesla said that it “may invest a portion of such cash in certain specified alternative reserve assets.” Additionally, the company expects to begin accepting Bitcoin as payment for its products in the future. Ad 📈 Buy 80+ Different Coins at True Cost. No fees, No markups. 🔥 Trending Sectors
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The team at CoinGecko is kinda like the DeFi market: They built in seclusion for a large part of the product’s initial days and then exploded onto the crypto scene in 2018-19—bootstrapping their way forward instead of taking on obscene amounts of money. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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