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Breaking: Tesla invests $1.5 billion in Bitcoin, reports say

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Elon Musk’s tech company Tesla has bought $1.5 billion worth of Bitcoin, various sources reported today.

According to CNBC’s Carl Quintanilla, the figure was revealed in Tesla’s 10-K filing with the US Securities and Exchange Commission.

“TESLA 10-K: “.. 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. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future,” Quintanilla wrote.

No further details have been revelead at press time.

This story will be updated as it develops.

The post Breaking: Tesla invests $1.5 billion in Bitcoin, reports say appeared first on CryptoSlate.



Source: Breaking: Tesla invests .5 billion in Bitcoin, reports say

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