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Tesla said in the statement that;
“Thereafter, we invested an aggregate of $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt.”
The fast-rising American electric car manufacturer further disclosed that it made the bet on Bitcoin after updating its investment policy last month to allow Tesla to invest in digital assets as well as gold bullion and gold exchange-traded funds.