Tesla purchases $1.5 billion worth of bitcoin
Recently, Elon Musk first changed his Twitter introduction to Bitcoin, and then repeatedly expressed his support for Dogecoin, which also made the price of Dogecoin soar.
The current cryptocurrency itself is in a bull market, and Elon Musk’s recent moves have directly helped Bitcoin continue to break through its previous highs and set historical records.
According to documents submitted by Tesla to the US Securities Regulatory Commission, Tesla has purchased $1.5 billion worth of Bitcoin last month to maximize its earnings.
Public documents show that Tesla has purchased $1.5 billion worth of Bitcoin, and Tesla is also preparing to accept customers to buy the company’s electric cars through Bitcoin.
This has reached a milestone record for cryptocurrencies, especially Bitcoin. Tesla is currently the company with the highest market value and the most potential in the auto industry.
To be favored by Tesla and Musk, Bitcoin can attract more investors to buy Bitcoin, and it can also attract other companies to follow suit.
Although Bitcoin could reach $50,000 without Tesla and Musk, the participation of Tesla and Musk clearly ignited the enthusiasm of the market.
After the announcement of the document, Bitcoin has risen by as much as 20% in a single day. The current Bitcoin price has reached 48,000 US dollars per coin, which is very close to the milestone of 50,000 US dollars.
It is worth noting that Tesla also revealed that it will support customers to pay through Bitcoin, that is, customers can use Bitcoin to buy Tesla’s electric cars. This is also the first car company that has clearly stated that it supports Bitcoin payments.
Supporting Bitcoin payments helps attract more companies or merchants to support cryptocurrency payments, which is not only good for Bitcoin but also good for other cryptocurrencies.
However, Tesla has not yet officially supported Bitcoin payments, and it is unclear whether Tesla plans to use third-party cryptocurrency payment providers or directly connect with them.