In its annual filing with the Securities and Exchange Commission, Tesla said it expects a bitcoin to start accepting it as a form of payment in the near future … initially on a limited basis, which we may or may not liquidate not. receipt.”
In addition, Tesla said it has invested $ 1.5 billion in bitcoin so far. as part of a decision to make a portion of [the company’s] cash in certain specified alternative reserve assets. ‘On December 19, the company listed $ 19 billion in cash and cash equivalents on its balance sheet.
The announcement gives bitcoin a new dose of legitimacy: the price of bitcoin (XBT) rose 13% in the morning trading on the news. Shares of Tesla (TSLA) increased by 2% in the pre-trade.