Bitcoin Surges After Tesla Invests 1 5 Billion In The Cryptocurrency Plans To Accept It As A Payment
The company also said it would start accepting bitcoin as a form of payment method for its products in the future. In a filing with the Securities and Exchange Commission, the company writes: “In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future....