Tesla owns $ 1,5 billion in bitcoin and will likely accept it as a payment in the future

Tesla has revealed that it has acquired $ 1,5 billion in bitcoin. 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 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 her choice to place in “certain alternative reserve assets” which include digital assets, gold and others.

So under that lens, the company has invested a total of $1,5 billion in bitcoins. Additionally, concluding today's news, the company added that it "expects to begin accepting bitcoin as a payment method for its products in the near future, subject to applicable laws and initially on a limited basis." ".

Tesla choosing bitcoin as the crypto further strengthens her blockchain technology and at the same time helps it maintain its value.

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Written by Dimitris

Dimitris hates on Mondays .....

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