Bitcoin

Bitcoin hits an all-time high of $ 43,000 and Tesla is investing $ 1.5 billion in BTC

Bitcoin (BTC) price soared nearly $ 3,000 in minutes on February 8. when Tesla is said to have bought $ 1.5 billion worth of BTC.

BTC / USD (Bitstamp) 1-hour candlestick chart. Source: trade view

The BTC price rises above $ 43,000

Data from Cointelegraph Markets and TradingView followed the trail of BTC / USD when A rally for $ 41,000 appeared on the news of Tesla’s plans.

A filing with the United States Securities and Exchange Commission (SEC) shows this The company plans to buy $ 1.5 million worth of Bitcoin.

Bitcoin hits an all-time high of $ 43,000 and Tesla is investing $ 1.5 billion in BTC
Bitcoin hits an all-time high of $ 43,000 and Tesla is investing $ 1.5 billion in BTC

“”In January 2021, we updated our investment policy to allow more flexibility in diversifying and maximizing the return on our cash, which is not necessary to maintain adequate operational liquidity.. Under the policy duly approved by the Audit Committee of our Board of Directors, We may invest a portion of this cash in certain alternative currency reserves, including digital assets, gold bars, exchange traded gold funds, and other assets as specified in the future. “specified.

“We have therefore invested a total of US $ 1.5 billion in Bitcoin under this policy and may acquire and hold digital assets from time to time or over the long term. We also hope to accept Bitcoin as a means of payment for our products in the US. ” Future. Furthermore, subject to applicable laws and initially on a limited basis, which we may or may not bill upon receipt. “

The move follows encouraging signals from CEO Elon Musk, the world’s richest man, who openly stated last week that he was a “supporter” of Bitcoin. Since then, however, the signals have been mixed after Musk removed Bitcoin from his Twitter bio but continued to tweet and advertise about Dogecoin (DOGE).

At the time of this writing The volatility was widespread when BTC / USD topped all-time highs of $ 42,000.

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