BlocksInform
Various sources have reported today that the Elon Musk-owned company Tesla invested $1.5 billion in Bitcoins.
BREAKING: TESLA BOUGHT $1.5 BILLION IN #BITCOIN
— unfolded. (@cryptounfolded) February 8, 2021
According to CNBC’s Carl Quintanilla, the figure was revealed in Tesla’s 10-K filing with the US Securities and Exchange Commission.
According to its 10-K submission, the company invested approximately $1.50 billion in bitcoins over a period of 8 years and may acquire and hold digital assets from time to time or on a long-term basis. Furthermore, Quintanilla wrote, “We expect to be accepting bitcoin as a form of payment very soon.”
Further details have not been disclosed at press time.
We will keep you updated as things devolve.
Bitcoin, currently ranked #1 by market cap, is up 5.8% over the past 24 hours. BTC is currently worth $767.41B and has a 24 hour volume of $68.65B.
