Tesla Invests $1,5 Billion in Bitcoin – BTC Rises To All Time High Of $43k

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Last Updated on 23 March 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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Tesla, the world’s best-known maker of electronic cars, has informed the markets today that it has decided to invest a whopping 1.5 Billion (not million) in Bitcoin.

The Elon Musk company claims it foresees to be accepting Bitcoin as form of payment for future products soon. The introduction of accepting crypto payments for a Tesla product will be dependent on applicable laws and will initially only be for a limited number of sales.

The SEC filing of Tesla noted that:

 We invested an aggregate $1.5 billion in Bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt.

Loyal readers of CryptoTips had seen this one coming, as we’ve informed you just this weekend that Elon Musk had sent his finance department to a MicroStrategy event where Michael Saylor was explaining to companies how to invest directly into Bitcoin.

The price of Bitcoin shot up on the news and is now trading at a record high of $43,000.

Tesla is the biggest stock market quoted company so far to invest directly in Bitcoin, together with Square, the finance app by Twitter CEO Jack Dorsey.

Musk has been known as a longtime fan of Bitcoin (and especially Doge).

bettorodrigues / Depositphotos.com