Bitcoin Soars to All-Time Highs After Tesla Buys $1.5 Billion

By Timothy Sykes

Last updated on April 18, 2022
Bitcoin Soars to All-Time Highs After Tesla Buys $1.5 Billion Thumbnail

In a Monday morning filing with the SEC, Tesla, Inc. (NASDAQ: TSLA) disclosed it had purchased $1.5 billion worth of bitcoin.

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.

Last May, Tesla’s CEO Elon Musk revealed he personally owns 0.25 bitcoin. At the end of January, he added “#bitcoin” to his Twitter bio, but has since removed it.

Musk has publicly stated his support of bitcoin. In a CNBC interview this month, he stated, “I do at this point think bitcoin is a good thing, and I am a supporter of bitcoin”

Investors in TSLA stock reacted positively to the news — at writing, its price is up about 2% on the day.

Posts contain affiliate links. may get compensated for affiliate posts and purchases through links.

Image: phanurak rubpol/


How much has this post helped you?

star star star star star
Comments (1)
Author imageTimothy Sykes
Hey Everyone,

As many of you already know I grew up in a middle class family and didn't have many luxuries. But through trading I was able to change my circumstances --not just for me -- but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results!

Which is why I've launched my Trading Challenge. I’m extremely determined to create a millionaire trader out of one my students and hopefully it will be you.

So when you get a chance make sure you check it out.

PS: Don’t forget to check out my 30 Day Bootcamp, it will teach you everything you need to know about trading.

Leave a Reply