Bitcoin
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Bitcoin price
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$3,994.53 -0.03053
Ethereum price
BNB
BNB (BNB)
$753.70 1.95182
BNB price
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$239.76 1.40964
Solana price
XRP
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$0.0000321 3.5443
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$1.56 8.00061
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Bitcoin
Bitcoin (BTC)
$99,891.00 -0.33086
Bitcoin price
Ethereum
Ethereum (ETH)
$3,994.53 -0.03053
Ethereum price
BNB
BNB (BNB)
$753.70 1.95182
BNB price
Solana
Solana (SOL)
$239.76 1.40964
Solana price
XRP
XRP (XRP)
$2.59 4.91186
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000321 3.5443
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000254 18.01797
Pepe price
Bonk
Bonk (BONK)
$0.0000469 8.6295
Bonk price
dogwifhat
dogwifhat (WIF)
$3.88 11.84148
dogwifhat price
Popcat
Popcat (POPCAT)
$1.56 8.00061
Popcat price
Bitcoin
Bitcoin (BTC)
$99,891.00 -0.33086
Bitcoin price
Ethereum
Ethereum (ETH)
$3,994.53 -0.03053
Ethereum price
BNB
BNB (BNB)
$753.70 1.95182
BNB price
Solana
Solana (SOL)
$239.76 1.40964
Solana price
XRP
XRP (XRP)
$2.59 4.91186
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000321 3.5443
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000254 18.01797
Pepe price
Bonk
Bonk (BONK)
$0.0000469 8.6295
Bonk price
dogwifhat
dogwifhat (WIF)
$3.88 11.84148
dogwifhat price
Popcat
Popcat (POPCAT)
$1.56 8.00061
Popcat price
Bitcoin
Bitcoin (BTC)
$99,891.00 -0.33086
Bitcoin price
Ethereum
Ethereum (ETH)
$3,994.53 -0.03053
Ethereum price
BNB
BNB (BNB)
$753.70 1.95182
BNB price
Solana
Solana (SOL)
$239.76 1.40964
Solana price
XRP
XRP (XRP)
$2.59 4.91186
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000321 3.5443
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000254 18.01797
Pepe price
Bonk
Bonk (BONK)
$0.0000469 8.6295
Bonk price
dogwifhat
dogwifhat (WIF)
$3.88 11.84148
dogwifhat price
Popcat
Popcat (POPCAT)
$1.56 8.00061
Popcat price

Tesla Acquires $1.5B in Bitcoin, Plans to Accept BTC for EVs

News
Tesla Acquires $1.5B in Bitcoin, Plans to Accept BTC for EVs

Elon Musk’s Tesla has announced a whopping $1.5 billion investment in Bitcoin (BTC). The news is coming after days of Musk shilling Dogecoin (DOGE) on Twitter.

Tesla Secures Bitcoin Whale Status with $1.5B Purchase

According to Tesla’s latest filing with the U.S. Securities and Exchange Commission (SEC), the electronic vehicle manufacturing giant has announced the diversification of its cash reserves for a $1.5 billion Bitcoin investment. The move comes following an update to the company’s investment policy back in January 2021 geared towards improving its investment flexibility.

An excerpt from the SEC filing document reads:

“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. 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.”

Apart from plowing $1.5 billion into Bitcoin, Tesla says it is set to begin accepting the largest crypto by market capitalization as a payment method for its cars, adding:

“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.”

By potentially not liquidating the BTC received from car sales, Tesla could see its Bitcoin holdings even soar astronomically as many fans of the company have been clamoring for crypto payment support by the firm. Tesla now joins the rapidly expanding ranks of public U.S. firms adding Bitcoin to their balance sheets.

Earlier in February, Tesla CEO Elon Musk declared that Bitcoin was on the verge of mainstream adoption. Musk caused a stir on social media by hoisting the BTC banner on his Twitter bio triggering a significant price jump.

In recent days, Musk has been shilling the Dogecoin meme crypto which has also caused massive price pumps for the DOGE token.

The news of Tesla buying Bitcoin has triggered a sudden bullish advance for BTC with the price breaking $42,000 and set for a new all-time high.