The company 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 $ 44 thousand.
Tesla 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 in accordance with 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.
Besides 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 susceptibility to cyber attacks.
Against this background, the bitcoin rate has updated its historical maximum. On the Binance crypto exchange, the asset quotes for the first time exceeded $ 44 thousand, breaking the previous record of $ 41.95 thousand. Over the past day, the cryptocurrency has risen in price by 13%.
Amid a sharp increase in trading volumes on Binance, there are problems, the exchange said on its twitter account, many users cannot access the trading platform. Exchange representatives acknowledged the problem and reported on work on fixing it.
Tesla made the largest Bitcoin purchase of any public company. Prior to that, the leader was MicroStrategy, which acquired 71 thousand bitcoins for $ 1.145 billion. To date, the company’s investment has exceeded $ 3 billion, according to the Bitcoin Treasuries service.
