Tesla, Inc. invested 1.5 billion in bitcoin: cryptocurrency began a strong growth

Today, February 8, the Bitcoin exchange rate surpassed $ 43,000 amid news of a large investment from Tesla, an electric vehicle manufacturer.

The news of the investment began to spread after the publication of Tesla’s annual report to the US Securities Commission.


In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term.” — the report says.

The document also contains information that the company will start accepting BTC as payment in the near future.

Bitcoin immediately reacted with explosive growth. Its price on the stock exchanges has exceeded $43 thousand and continues to grow.

Source Binance

This surge in trader and investor activity has provoked difficulties for exchanges, in particular Binance. This was confirmed in an official Twitter by the CEO of the exchange, Changpeng Zhao.

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