BTC Renewed its Historical Maximum after Buying Tesla Bitcoin for $ 1.5 Billion
The BTC rate renewed its historical maximum after buying Tesla Bitcoin for $ 1.5 billion
Tesla has notified the Securities and Exchange Commission (SEC) that it has invested part of the funds in cryptocurrency. Against this background, its rate renewed its historical maximum above $ 48 thousand.
The company reported to the US Securities and Exchange Commission (SEC) that it invested $ 1.5 billion in bitcoin in January. The company noted that in the “near future” they will begin to accept cryptocurrency as payment by the law.
“In January 2021, we updated our investment policy to be able to maximize returns on funds that are not required to maintain sufficient liquidity,” – the company said in a statement.
In addition to cryptocurrency, Tesla can also invest in gold, gold-backed ETFs, and other instruments. The company stressed that they understand the risks associated with the volatility of digital money, lack of regulation, as well as their exposure to cyber-attacks.
Against this background, BTC renewed its historical maximum on the BitXmi crypto exchange, rising above $ 48 thousand. Over the past 24 hours, the cryptocurrency has risen in price by 23%. Its market capitalization exceeded $ 892 billion with daily trading volumes of about $ 100 billion.
Tesla made the largest Bitcoin purchase of any public company. Before that, MicroStrategy was the leader, which acquired 71 thousand bitcoins for $ 1.145 billion. The company’s investments exceeded $ 3 billion, according to the Bitcoin Treasuries service at the moment.
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