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Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car - Business - Nairaland

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Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by Johnnyessence(m): 3:14pm On Feb 08
Telsa (TSLA) revealed in a securities filing that the electric car company has purchased $1.5 billion worth of Bitcoin and expects to accept the cryptocurrency for its products in the future.

“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, we may invest a portion of such cash in certain specified alternative reserve assets. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy,” the company wrote in a 10-K filing with the SEC.

According to the fling, Tesla said it expects to begin accepting Bitcoin as a form of payment for its products “in the near future,” where it’s permitted.

A Tesla Roadster is electrically charged at Tesla Motors Inc in San Carlos, California July 22, 2009. TESLA/ REUTERS/Robert Galbraith

A week ago, Tesla CEO Elon Musk discussed bitcoin during an interview on the popular voice chat app Clubhouse.

“I do think at this point Bitcoin is a good thing. And, so, I am a supporter of Bitcoin. Like I said, I was late to the party, but I am a supporter of Bitcoin. And I think, Bitcoin is really on the verge of getting broad acceptance by conventional finance people,” Musk said at the time.

Musk also briefly added #Bitcoin to his Twitter profile, which has since been removed.

Bitcoin’s (BTC-USD) price surged more than 13% to last trade near $44,295 on the Tesla news.

Shares of Tesla traded more than 2.8% higher in the pre-market near $876.

https://finance.yahoo.com/news/tesla-buys-billion-worth-of-bitcoin-133029552.html?guccounter=1

18 Likes 4 Shares

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by Johnnyessence(m): 3:14pm On Feb 08
Wow bitcoin is now worth $43k. It keeps on rising crazily.

96 Likes 5 Shares

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by xxxXXXxxx: 3:16pm On Feb 08
Interesting development!

2 Likes

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by Kriss216: 3:17pm On Feb 08
Same bitcoin Buhari and his economy team banned. And you wonder why Nigeria is in shambles?

275 Likes 11 Shares

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by seunmsg(m): 3:18pm On Feb 08
Johnnyessence:
Wow bitcoin is now worth $43k. It keeps on rising crazily.

Bitcoin is the new blood money.

41 Likes 5 Shares

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by Kriss216: 3:19pm On Feb 08
seunmsg:

Bitcoin is the new blood money.
Blood money is the new bitcoin, rather.

83 Likes 2 Shares

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by SaintBeehot(m): 3:22pm On Feb 08
While a country is busy shutting down the future. Instead of trying to benefit from the system. We can't take our eyes off the benefits of bitcoin, because some criminal are taking advantage of it.

32 Likes 4 Shares

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by Johnnyessence(m): 3:24pm On Feb 08
seunmsg:


Bitcoin is the new blood money.
yes sooooo. Investing in it steadily. I even have a trading platform on it. Dogecoin is rising steadily too.

10 Likes 1 Share

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by SaintBeehot(m): 3:26pm On Feb 08
Johnnyessence:
yes sooooo. Investing in it steadily. I even have a trading platform on it. Dogecoin is rising steadily too.
you didn't hear of the CBN new directive

6 Likes 2 Shares

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by Johnnyessence(m): 3:26pm On Feb 08
Screenshot of price of bitcoin from luno, binance and paxful website.

11 Likes 1 Share

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by Johnnyessence(m): 3:26pm On Feb 08
SaintBeehot:
you didn't hear of the CBN new directive
CBN letter doesn't hold any water joor

51 Likes 4 Shares

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by SaintBeehot(m): 3:28pm On Feb 08
Johnnyessence:
CBN letter doesn't hold any water joor
We'll hope so.

5 Likes

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by 9jahotblog: 4:06pm On Feb 08
southniyikaye:
AS MUCH AS I TRY, HAVE BEEN UNABLE TO DO ANY ONLINE BUSINESS, AM USED TO BUILDING AND DOING THINGS PHYSICALLY..
I EVEN SOLD MY LAPTOP WHEN I GOT TIRED EVEN THOUGH I BOUGHT COURSES WORTH ALMOST 60K..
I DON TIRE WALAHI
invest in bitcoin business. it pays now.

5 Likes

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by xrayj(m): 4:13pm On Feb 08
Kriss216:
Same bitcoin Buhari and his economy team banned. And you wonder why Nigeria is in shambles?

Honestly
And the painful thing is that our leaders making retrogressive policy will not be here to suffer it when the world will fully go digital because they are already old. Na youth go still suffer am.

49 Likes 2 Shares

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by 9jahotblog: 4:16pm On Feb 08
xrayj:

Honestly
And the painful thing is that they will not be here to suffer it when the world will fully gone digital because they are already old. Na youth go still suffer am.
buhari will suffer it in the end cos' it will be very difficult for him in this digital age we are.

14 Likes

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by osuofia2(m): 4:26pm On Feb 08
HATERS GON HATE, CRPTO HAS COME TO STAY. WE CAHSHING OUT

4 Likes

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by Deathissweet: 4:27pm On Feb 08
They banned btc to increase poverty as usual . If you know you know

7 Likes

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by OgbanjeProphet: 4:27pm On Feb 08
Nigeria is back to the stone Age. Thanks to Buhari and his supporters.

20 Likes 2 Shares

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by Nobody: 4:27pm On Feb 08
The richest man in the world now accepts bitcoin as a form of payment in his business, but Adamu at CBN believes crypto is causing terrorism and internet fraud.

This country is doomed to fail if we keep electing block heads who only know how to rear cows into office.

All of you who supported and still support APC and this useless government need to apologize to Nigerians for the mess y'all put us in.

Nonsense.

60 Likes 3 Shares

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by Sunnycliff(m): 4:27pm On Feb 08
The world is going crypto. Nigeria will only he left behind, dazzol. If we choose to shy away from it

30 Likes 3 Shares

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by janedonez(m): 4:27pm On Feb 08
Whoosh
Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by ZendayaColeman(f): 4:27pm On Feb 08
Naija left the group chat.




Chai, buhari is a useless fowl

23 Likes 5 Shares

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by Stephen4800: 4:27pm On Feb 08
Lai Mohammed would soon say Tesla wants to evade Tax in the usa and they won't allow such in this fucking Shithole

9 Likes

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by Sunnycliff(m): 4:28pm On Feb 08
The world is going crypto. Nigeria will only he left behind, dazzol. If we choose to shy away from it.

No wonder in less than two hours bitcoin rose above 2000$ profits

3 Likes

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by Osagyefo98: 4:28pm On Feb 08
Risk takers are great achievers

10 Likes 1 Share

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by CalabarPikin: 4:28pm On Feb 08
Since this CBN and crypto saga, I can't cash out the money I have bn pushing to my CHIPPER CASH account to avoid unnecessary deductions,

embarassed embarassed embarassed embarassed

1 Like

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by Lanretoye(m): 4:28pm On Feb 08
CBN will be like:any car bought with cryptocurrency will be seized by the Nigerian government

23 Likes

Re: Tesla Buys $1.5 Billion Worth Of Bitcoin, Says May Accept It For Payment For Car by cbrezy(m): 4:29pm On Feb 08
And we're told to go into CowToCurrency grin

Wetin concern me, Peer to peer (P2P) is the only alternative.

Like for trash can
Share for Adamu Garba

97 Likes

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