Tesla buys $1.5B in bitcoin, boosts cybercurrency sales

https://www.mobilepaymentstoday.com/news/tesla-buys-15b-in-bitcoin-boosts-cybercurrency-sales/
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Elon Musk , CEO of Tesla announced the company’s purchase of $1.5 billion worth of bitcoin for “more flexibility to further diversify and maximize returns on our cash” according to its filing with the Securities and Exchange Commission. Tesla will also start accepting payments in bitcoin in exchange for its products, making it the first major automaker to accept do so, according to report by NBC.

In the past few weeks Musk’s been credited for increasing the prices of cryptocurrencies like bitcoin and dogecoin by posting messages on Twitter and adding hashtag #bitcoin to his account to encourage people to buy digital currencies.

https://www.mobilepaymentstoday.com/news/tesla-buys-15b-in-bitcoin-boosts-cybercurrency-sales/