Tesla has announced that it has bought about $ 1.5 billion worth of bitcoins in a form filed with the Securities and Exchange Commission (SEC).
To Report “The Block,” Tesla said in a statement:
In January 2021, we updated our investment policies to create more flexibility in diversification and maximize our returns on liquidity that is not necessary for our current operations.
The following is the announcement:
As part of this policy, which has also been approved by the Board of Auditors, it is likely that part of its liquidity will be invested in an alternative reserve asset, including digital currencies, gold bullion, gold exchange traded funds and other future assets. It is announced, we will allocate. We have invested a total of $ 1.5 billion under this policy, and it is likely that we will acquire digital assets in the long run and at different time intervals.
In addition, we expect to use Bitcoin as a payment method to present our products in the near future. This payment method will be subject to current laws and will be used in a limited way at first and we may decide to cash it at our discretion when we receive it.