Tesla has announced an investment of $ 1.5 billion, or approximately € 1.24 billion, in bitcoin and plans to accept virtual currency as a form of payment.
Tesla innovates. Again. The American manufacturer has invested $ 1.5 billion, or around 1.24 billion euros, in the bitcoin. Even louder, the brand announced that it plans toaccept virtual currency as a means of payment for its electric vehicles.
The move comes days after Tesla boss and founder Elon Musk temporarily changed his Twitter mini-description to simply #bitcoin.
Bitcoin, a financial asset with a sulphurous reputation
The announcement, made in a document addressed to the policeman of the US Stock Exchange, the Securities and Exchange Commission (SEC), is a mark of confidence in cryptocurrency as regulators around the world still consider it rather a financial asset used for illegal transactions, including money laundering.
The Californian firm explains for its part having recently changed its investment policy in order to diversify its sources of liquidity. In this context, Tesla’s board of directors authorized the company to invest in various financial assets, including bitcoin.
A bitcoin is worth a Model Y
Anyway, following this operation, the price of bitcoin has literally soared, Monday February 8, reaching a new high, at more than 44,000 dollars.
Across the Atlantic, in theory, only one bitcoin is enough to buy the Model Y, Tesla’s new electric SUV, displayed at the base price of $ 41,990.
Source: AFP
Read also:
