Tesla now a Bitcoin whale after 1.5B BTC buy

2021-2-9 17:00

In an SEC filing, Tesla has confirmed that it has bought $1.5 billion worth of bitcoin. The company said it would also start accepting payment in bitcoin for its products.

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Analyst Explains Rationale Behind Tesla’s New Stance On Bitcoin

Elon Musk recently set the cryptocurrency community ablaze when he announced Tesla’s withdrawal in accepting Bitcoin as a payment medium. The company’s sole reason for backpedaling on its decision to accept Bitcoin is tied to the asset’s level of energy consumption which Tesla believes is highly unsustainable despite Bitcoin being a promising digital currency in […]

2021-5-15 16:09