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Tesla invests $ 1.5 billion in bitcoin and announces that it will accept cryptocurrency as a means of payment

Nobody misses that Elon Musk He is a follower of cryptocurrencies, so it was a matter of time before his company, the vehicle manufacturer Tesla, also bet on them. Specifically, for the most popular and established of all: bitcoin. The company has conducted a investment of 1,500 million dollars (1,247 million euros) in bitcoin, for which it has needed to adapt its investment policy, as detailed in a statement sent to the Securities and Exchange Commission of the United States (SEC).

According to the company, in January it updated its policies regarding investments to enjoy “more flexibility” and “diversify and maximize” the return on cash that is not necessary to maintain adequate operating liquidity, Europa Press reports.

These new policies allow you to invest cash in “alternative reserve assets,” such as digital assets, gold bars and gold-traded funds. Following the change, the company has invested $ 1.5 billion in Bitcoin. Tesla has advised that it will be able to acquire or maintain these types of digital assets “from time to time or for the long term.”

Furthermore, as part of this investment, the company will begin to accept bitcoin as a form of payment “in the near future” for your products. The company has warned that bitcoin is a “highly liquid” asset, but that the prices of digital assets are “highly volatile.” The prevalence of these assets is a relatively new trend and its long-term adoption by investors, consumers and companies is unpredictable, “the automaker said.

After knowing about Tesla’s investment in the cryptocurrency, its price against the dollar has soared more than 12%. The bitcoin exchange has jumped from $ 39,000 to $ 44,060 in a matter of minutes. In this way, the cryptocurrency has once again registered a historic cross against the dollar, after the ‘rally’ that it carried out between December and January, partly after the founder and CEO of Tesla, Elon Musk, show his enthusiasm for her on the social network Twitter.

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