Bitcoin does continue to amaze people, and Tesla’s purchase of $1.5 Billion in the cryptocurrency, indicates some of their own faith and plans. To be honest, many people have made lots of money. Tesla does admit there is some regulatory concerns that they will have before they can accept bitcoin as currency for their cars. Of course, we do know that some people have purchased their Tesla’s by cashing in bitcoins, so….
Today in an SEC filing, Tesla disclosed that it has acquired $1.5 billion in bitcoin, the popular cryptocurrency. As the news broke, the price of bitcoin instantly rose by around 7% to more than $40,000 per coin. Tesla had previously telegraphed that it had an interest in the cryptocurrency, however to purchase such a large block of the coin is notable.