Cryptocurrencies
Tesla Trails Only MicroStrategy in Treasury Bitcoin Allocation
- Automaker said it purchased $1.5 billion of digital currency
- MicroStrategy holds 71,079 Bitcoins in its corporate account
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Tesla Inc.’s announcement that it invested $1.5 billion in Bitcoin has made the electric automaker the second largest publicly-traded corporate holder of the digital currency, according to data from bitcointreasuries.org.
“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,” Tesla said in a securities filing.