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Tesla buys $1.5B in bitcoin, may accept the cryptocurrency as payment in the future

Technology

Today in an SEC filing,

Tesla disclosed that it has acquired $1.5 billion in bitcoin, the

popular cryptocurrency. Moreover, the company noted that it may also

accept bitcoin in the future as a form of payment for its cars, though

it did allow that there is some regulatory uncertainty around that

effort.As the news broke, the price of bitcoin instantly rose by around 7% to more than $40,000 per coin.Tesla had previously telegraphed that it had an interest in the cryptocurrency, however to purchase such a large block of the coin is notable.

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