Tesla revealed that it has acquired 1,5 billionmillions dollars to bitcoins. In addition, the company noted that it may accept bitcoin in the future as a payment method for its cars.
Tesla's interest in Bitcoin skyrocketed price by 7% and so its rate against the dollar hopefully reached $40.000 per coin.
Tesla however, before its announcement today it had reports in early 2021 the choice of putting cash into “certain alternative reserve assets” that include digital assets, gold and others.
So in that light, the company has invested a total of $ 1,5 billion in bitcoin. In addition to concluding today's news, the company added that it "expects to start accepting bitcoin as a payment method for its products in the near future, subject to applicable laws and initially on a limited basis."
By choosing bitcoin as its cryptocurrency, Tesla further strengthens it blockchain technology and at the same time helps it maintain its value.