Author: Geoffrey Smith
Investing.com - The bitcoin price climbed to a new record of over $ 41,700, after Tesla (NASDAQ: TSLA) confirmed that it received $ 1.5 billion in digital currency.
The electric car company said it made this decision to "further diversify and maximize cash returns that are not required to maintain adequate operating liquidity" in line with the recent change in investment policy.
Tesla said in the statement, "In light of this policy, we have invested a total of $ 1.50 billion in bitcoin and we can buy and hold digital assets from time to time or in the long term." "Moreover, we think we will start accepting bitcoin as a form of payment for our products in the near future, in accordance with the law and on a limited basis initially."
Bitcoin was around 10% from Sunday's levels and tripled from October to $ 42,539.
