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Tesla is investing $ 1.5 billion in Bitcoin

The electric vehicle maker plans to accept cryptocurrency as a means of payment.

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February
8, 2021

1 min read

This article has been translated from our Spanish edition using AI technologies. Errors can occur due to this process.

As the price of Bitcoin continues to rise, Elon Musk's company plans to accept Bitcoin as a means of payment, according to Bloomberg.

Tesla invested $ 1.5 billion in Bitcoin, while the price of the cryptocurrency was $ 43,725.51, an increase of 13%.

"We hope to accept Bitcoin as a means of payment for our products in the near future, subject to applicable laws and initially to a limited extent," announced Tesla.

After updating its investment policy last month, the electric car maker announced that it had decided to allow the company to invest in digital assets, as well as gold bars and exchange-traded gold funds.

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Earlier, Elon Musk said that "Bitcoin is about to gain widespread acceptance from investors" and stated that he should have invested in the cryptocurrency eight years ago.

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