Tesla Invests $1.5B in Bitcoin and Reveal Plans to Accept Bitcoin as Payment in Near Future

Elon Musk, the man behind Tesla, Inc., has been lately talking about cryptocurrency, a lot, via his official Twitter account. In fact, over the past week, it can also be observed that he has been somehow supporting the cryptocurrency Dogecoin.

Moreover, just on February 8, 2021, the electric car manufacturer has filed its 10-K report with the Security and Exchange Commission, United States (SEC), revealing that that Tesla has invested $1.5 billion in the bitcoin cryptocurrency. The company’s plans to start accepting bitcoin as a payment was also revealed through the same report.

“…we invested an aggregate $1.50 billion in bitcoin…” stated in the report. “Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future…”

Related Article:

Elon Musk Returns to Twitter to Endorse Dogecoin and He is Now a Meme

Are you also backing cryptocurrency? What are your thoughts about this update? Feel free to share your thoughts with us in the comment section below.

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Source: SEC| Form 10-K Tesla, Inc., The Verge

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