Tesla buys Bitcoin worth $1.5 billion


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Tesla buys Bitcoin worth 1.5 billion
Image Credits: TechCrunch

Elon Musk, founder of SpaceX and Tesla, has not been falling off the agenda with his statements about cryptocurrencies in recent days. Musk was successful in increasing the value of the world’s most popular cryptocurrency by writing Bitcoin on his Twitter profile, and recently, while talking about Dogecoin, a last-minute statement came from Tesla.


Electric car giant Tesla says it has purchased $1.5 billion worth of Bitcoin. While the acquisition became official with its notification to the United States Securities and Exchange Commission (SEC), it was emphasized that the company had taken this step as a long-term investment and was also interested in other cryptocurrencies.

Following Tesla’s acquisition announcement, which stated that it would accept Bitcoin as a payment method in the future, the value of Bitcoin increased by up to 14 percent to $44,000. Mobility was not limited to Bitcoin and the value of other cryptocurrencies increased.

Of course, people who saw this statement and the increase in value flocked to the exchanges to buy cryptocurrencies. However, access problems have arisen on many cryptocurrency exchanges, especially Binance.

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