Just a day after Tesla’s CEO, Elon Musk Tweets sent Dogecoin to an all-time-high, There’s no love lost between Musk and Crypto as Tesla has invested a handsome sum of Money in Bitcoin, whilst also looking to accept Payments in Digital currency from now on.
Sharing a recent SEC Filling, Tesla disclosed that it updated its investment policy in January for greater flexibility in diversifying and maximizing returns on its cash “that is not required to maintain adequate operating liquidity.” According to the new policy, the electronic car company can now infuse cash into alternative reserve assets like digital assets, gold bullion, gold exchange-traded funds and more.
The same Filling also approves of the above news that Tesla has invested 1.5 Billion USD into Bitcoin currency and that it will begin accepting the cryptocurrency as a form of payment.
In our opinion, a big crypto-related news was seen coming from the Electric car company, seeing the Love for Crypto from their CEO. As all of the Cryptocurrency are on a Surge and experiencing an all-time-high, It is one of the best time to invest and look forward to accepting cryptocurrency.
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