Following the Bitcoin boom of 2017, the cryptocurrency has been making moves again recently. And now Tesla has given it another jolt, having invested $1.5 billion in Bitcoin according to a filing with the Securities and Exchange Commission. The cryptocurrency’s value increased by almost 13 percent as a result.
Equally important, Tesla announced that it will soon begin accepting Bitcoin as a payment for its products, including vehicles like the newly updated Model S and Model X, thus making it the only automaker doing this – for now. However, this will be done “initially on a limited basis” though the carmaker has not elaborated further. Nor did it provide a precise Bitcoin payment start date, only saying it’ll be in the “near future.”