Oh wow,Tesla has invested $1.5 Billion in Bitcoin and plans to begin accepting payment for its vehicles.
According to ABC News – The price of Bitcoin soared 15% to above $43,000 Monday.
The California-based electric car maker headed by Elon Musk revealed the new strategy in a filing with the U.S. Securities and Exchange Commission, saying its investment in digital currency and other “alternative reserve assets” may grow.
Bitcoin rose to $43,863 and briefly hit a new all-time high. Shares of Tesla moved higher as well.
In its fourth-quarter earnings report last month Tesla said it had cash and cash equivalents of $19.4 billion.
Meanwhile the federal government of Nigeria is trying is ban Bitcoin,smh.