Tesla told the U.S. capital markets regulator it had received $ 1.5 billion in Bitcoin
After the news, Bitcoin rose more than 8 percent to around 41 thousand dollars.
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Tesla told the U.S. capital markets regulator it had received $ 1.5 billion in Bitcoin under its new investment policies. After the news, Bitcoin rose more than 14 percent to a record high of $ 43,23.
Tesla is expected to start accepting Bitcoin as a payment tool, stressing that new investment policies will provide more flexibility.
"I'm late for the party"
"I should have bought Bitcoin 8 years ago," Musk said at the clubhouse."yes," he said. "It would be fun for Dogecoin to be a global currency," Musk said, noting that bitcoin is a good thing and a supporter."he declared.
After Musk put a Bitcoin tag and emoji on his Twitter profile last week, the cryptocurrency rose 10 percent to over 36 thousand dollars.
Bitcoin, the largest cryptocurrency, was up 15 per cent in London trading.
Earlier on Friday, Musk had also ignited the Dogecoin rally with a “Dogue” magazine that he shared on Twitter, with a dog on the cover. Dogecoin, originally created as a joke, rose 300 percent after sharing.
Elon Musk asked about moving his balance sheet to Bitcoin
During a Twitter conversation, Elon Musk asked if it was possible for Tesla's balance sheet to be converted to Bitcoin.
In a conversation between him and Musk on Twitter, MicroStrategy CEO Michael Saylor had told Musk that the company should move its balance sheet to Bitcoin.
“If you want to do your shareholders a favor worth $ 100 billion, you have to move the balance sheet from dollars to Bitcoin.“other firms in the S&P 500 will follow you, and over time that favor can go up to $ 1 trillion, " Saylor said.” he declared.
Musk asked if such a large transaction was possible, and Saylor said it was possible and that he had received $ 1.3 billion in Bitcoin in recent months and could share his tactics offline if he wanted to.