Bitcoin (BTC) price skyrocketed to $ 3,000 within minutes after Tesla bought $ 1.5 billion worth of BTC on February 8.
BTC price exceeded $ 43k
According to data from Cointelegraph Markets and TradingView, the BTC / USD pair rose to $ 43,774 after the Tesla news was heard.
According to the application to the US Securities and Exchange Commission, Tesla purchased Bitcoin worth $ 1.5 billion.
In the application, “In January 2021, we updated our investment policy to give us flexibility in order to diversify our cash accumulation that is not required for sufficient operational liquidity and to increase our profits as much as possible. Under this policy, we can invest some of our cash in alternative reserve assets such as digital assets, gold, gold investment products.” it was stated.
“That’s why we’ve invested $ 1.5 billion in Bitcoin and we can buy digital assets from time to time or on a long-term basis. What’s more, we plan to adopt Bitcoin as a payment method for our products soon.”
Elon Musk, the richest man in the world, announced last week that he supported Bitcoin.
Bitcoin is being traded around $ 42,500 as of the time of translation broadcast.