Musk’s Tesla says it invested $1.5 billion in bitcoin, sending the cryptocurrency to record levels near $44,000
Posted on AllSides February 8th, 2021
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Elon Musk’s Tesla Inc. said that it has acquired $1.5 billion in bitcoins in January and that it could accept the world’s No. 1 digital asset for payment in the future.
Tesla TSLA, +1.31% revealed the purchase in a regulatory filing with the Securities and Exchange Commission on Monday, which helped to drive up bitcoin prices BTCUSD, +2.57% to around $44,203, a gain of over 13% in early trade on CoinDesk.
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