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In its annual filing with the Securities and Exchange Commission, Tesla said it expected to “start accepting bitcoin as a method of payment for our products in the near future … initially on a limited basis, which we may or may not liquidate the receipt. “
Additionally, Tesla said it has invested $ 1.5 billion in bitcoin so far. as part of a decision “to invest part of [the company’s] of cash in certain specified alternative reserve assets. “The company records $ 19 billion in cash and cash equivalents on its balance sheet as at December 31.
The announcement gives bitcoin a new dose of legitimacy: the price of Bitcoin (XBT) was up 13% in morning news trading. Actions of You’re here (TSLA) increased by 2% in pre-market trade.
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