Bitcoin’s price rose sharply to a new record high of over $ 46,000 after Tesla confirmed on Monday that it had bought the digital currency for $ 1.5 billion.
The electric vehicle company said it had decided, in line with a recent change in its investment policy, to “further diversify and maximize revenues from resources that are not necessary to maintain adequate operating liquidity.”
“As part of this policy, we have invested a total of $ 1.5 billion in Bitcoin and may acquire and hold digital assets from time to time or in the long term,” Tesla said in a statement. “In addition, we expect to begin accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially to a limited extent.”
Bitcoin is currently quoted at $ 46,452, which is almost 15% higher than its Sunday price before the announcement and more than three times the October price.
Development of Bitcoin price and volume for the last 7 days
Sources: investing.com, coinmarketcap.com