top of page

Bitcoin & Ether New ATH As Elon Musk's Tesla Invests $1.5 Billion in Bitcoin

Tesla will also accept Bitcoin as a payment in near future

Bitcoin and Ether both pumped to new all time high to more than 15% after Tesla made the disclosure in a U.S. Securities and Exchange Commission regulatory filing, with prices of Bitcoin exceeding $44,800 and world's second largest crypto Ether to $1775 for the first time in the history.

Tesla announced that it has purchased $1.5 Billion of bitcoin in January 2021. World's richest man Elon Musk, CEO of Tesla is also well known for his statements and tweets on cryptocurrency actively which was giving hints in past few months that he might be doing something in cryptocurrency and in the regulatory filing Tesla shared that it purchased $1.5 billion Bitcoin in the month of January 2021.

Tesla also said that it will start accepting bitcoin as a mode of payment for its products “subject to applicable laws and initially on a limited basis.” That would make Tesla the first major automaker to accept to do so.


bottom of page