Tesla Buys $1.5 Billion USD in Bitcoin, Will Start Accepting Cryptocurrency Payments

Shortly after CEO Elon Musk sent Dogecoin to an all-time high with a series of tweets,

The same filing also notes that Tesla invested an aggregate of $1.5 billion USD in Bitcoin and that it will begin accepting the cryptocurrency as a form of payment. Highlighting that the new payment method will be established “in the near future, subject to applicable laws and initially on a limited basis.”

It is interesting to note that Tesla generated $19 billion USD in cash and cash equivalents in 2020 and that Elon has been sharing his interest in cryptocurrency in recent weeks.

For more tech news, Apple working on strengthening the end of its charging cables.
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