The New Paper

February 8, 2021

Tesla discloses $1.5B of bitcoin holdings

Tesla disclosed that it purchased $1.5B of Bitcoin and that it expects to begin accepting the cryptocurrency as payment “in the near future.” The disclosure was included in an SEC filing today (source) and comes amid growing corporate and institutional adoption of the cryptocurrency (including PayPal’s launch of a crypto-focused platform last year).

Extra: The value of bitcoin was $43k as of this morning, marking a 48% increase so far this year and a 350% increase since the same time last year.
This story is from the February 8, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.