Tesla will accept Bitcoin as payment in future, buys $1.5B in Bitcoin

Tesla buys $1.5 billion in Bitcoin, surges the price by 10% -- while Tesla Motors will soon accept Bitcoin as a payment method.

@anthony256
Published Mon, Feb 8 2021 7:54 AM CST

Tesla has announced that it has purchased $1.5 billion of Bitcoin, with the information coming from Tesla Motors' filing with the Securities and Exchange Commission (SEC).

Tesla will accept Bitcoin as payment in future, buys .5B in Bitcoin 09 | TweakTown.com
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The news sent the price of Bitcoin off on a trip to the moon, skyrocketing from $39,500 or so right through $40,000 and right into $43,000 at the time of writing -- a rise of over 13% so far. Dogecoin is also rising by around the same amount, a coin that Tesla Motors and SpaceX founder Elon Musk has been tweeting lots about lately.

Musk recently added #Bitcoin to his Twitter profile, but the news of Tesla actually accepting Bitcoin as a payment method is the huge news here. This is a gigantic step for the company, for Bitcoin, possibly for Dogecoin with Musk continuing to pump it on his Twitter, and for cryptocurrency in general.

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Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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