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Tesla buys $1.5b in Bitcoin and is looking to accept the crypto as a form of payment in the near future…

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Tesla buys $1.5b in Bitcoin and is looking to accept the crypto as a form of payment in the near future…

https://reddit.com/r/<a title="" class="aalmanual" target="_blank" href="https://cryptonewmedia.press/category/bitcoin/">Bitcoin</a>/comments/lfb3mm/tesla_buys_15b_in_bitcoin_and_is_looking_to/

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32 Comments

  1. From the sec filling:

    “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. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt.”

  2. Man I don’t fcking know what to say. For the past 4 years I told my friends to look into bitcoin but everybody always said ‘Na sooner or later you will loose everything’ and did not understand my excitement. But now look at us! History is in the making and everyone of us, 10 BTC or 100 Satoshi, is a fcking part of it. I love this community and I love BTC! HODL!

  3. Lol at people selling their coins whilst we’ve just had some of the most bullish news we’ve possibly ever had. Anyone looking to sell right now needs their head examined.

  4. You guys do realize what this means right? You think Amazon, Google etc are gonna sit idle on the sidelines? Now they practically have to convert some of their holdings into Bitcoin.

  5. Awesome. And the greatest effect will be noticable only after a longer period of time. Because both retail and companies will see this as a sign to step in, with Tesla has an enourmous reputation as innovator.

    Good for the price, even better for general acceptance of bitcoin in the ‘normal’ economy.

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