The electric car maker stated its desire is to “diversify and maximize returns” on the extra cash it had on hand.
Shortly after news of the filing broke, bitcoin spiked to new all-time highs near $45,000. At writing, it’s trading near $43,500 — up more than 15% from yesterday.
Tesla’s filing went on to say that it planned to begin accepting bitcoin as payment “in the near future.” The filing included a note that said it “may or may not liquidate” the payments it receives.
Investors in TSLA stock reacted positively to the news — at writing, its price is up about 2% on the day.
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