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Tesla Invested $1.5 Billion in BTC- Price Goes Up To $43K

A filing with U.S. governors verifies that Tesla is going to accept Bitcoin payments in future.

Bitcoin price rises almost $3,000 in minutes on Feb. 8 as news appeared that Tesla had purchased $1.5 billion worth of BTC.

BTC price rises up to $43,000

TradingView’s data traced BTC/USD as an immediate spike to above $41,000 showed up as data of Tesla's plans leaked.

A filing with US regulator SEC reveals that the firm’s plans to purchase $1.5 worth of Bitcoin.

"In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future," it states.

"Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt."

The progress follows inspiring signs from CEO Elon Musk, the world's wealthiest man, who honestly said last week that he was a supporter of Bitcoin.

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