Elon Musk’s company, Tesla Motors, followed in the footsteps of companies such as MicroStrategy, and allocated some of the company’s reserve to Bitcoin (BTC).
Tesla announced that it has purchased $ 1.5 billion worth of Bitcoin with increased cash in the application filed with the U.S. Securities and Exchange Commission on Monday. It is not yet known at what average price the company bought or how much BTC it bought.
As part of this decision, Tesla will offer its customers the opportunity to buy with Bitcoin for their products. Unlike most other similar initiatives, Bitcoins acquired will not be converted into cash immediately and will be added to the reserve.
Tesla’s new investment policy will allow you to purchase gold and gold investment products in addition to Bitcoin.