It’s Happening: Tesla Buys $1.5 Billion Of Bitcoin

Elon Musk’s multi-billion dollar company, Tesla, has purchased an aggregate $1.5 billion of BTC and will begin to accept the cryptocurrency as payment, per a financial performance report filing with the U.S. Securities and Exchange Commission for the fiscal year ended on December 31, 2020. Per the filing, in January 2021 the company updated its […]

Breaking: Tesla Purchases $1.5B In Bitcoin

News just came out that the Elon Musk-led, electric vehicle and clean energy company, Tesla, has purchased $1.5B in Bitcoin. This information was disclosed in their annual report filed with the SEC.  Carl Quintanilla from CNBC tweeted the following excerpt from the SEC report which has seemingly set off a firestorm in the crypto community: “TESLA 10-K: […]

Tesla expects to begin accepting Bitcoin for payment

Tesla is now able to hold Bitcoin in reserves, thus accepting Bitcoin as payment for its cars without necessarily converting it. Elon Musk’s Tesla Motors is following in the footsteps of MicroStrategy and other companies by allocating part of its balance sheet to Bitcoin (BTC). In Monday’s filing with the Securities and Exchange Commission, the […]