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Bitcoin surges to new record on Tesla's purchase

The price of Bitcoin jumped over 15 percent on Monday to trade above the all-time high of 43,965.49 dollars, as Tesla's CEO Elon Musk revealed the company bought 1.5 billion dollars worth of Bitcoin to ensure "more flexibility to further diversify and maximize returns on our cash."

NEWS IN ENGLISH 08.02.2021, 16:52
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Bitcoin surges to new record on Tesla's purchase


Tesla Inc. revealed on Monday the company bought 1.5 billion dollars worth of Bitcoin to ensure "more flexibility to further diversify and maximize returns on our cash," according to a filing with the Securities and Exchange Commission (SEC).


Furthermore, Tesla announced that it would start using Bitcoin as the payment method in exchange for its products as well. The filing comes amid Elon Musk’s social media campaign surrounding the surge of popular cryptocurrencies, including Bitcoin, Ether, Ripple's XRP and Dogecoin.


Also, Twitter CEO Jack Dorsey has set up his own Bitcoin node admitting that he invests in the cryptocurrency as well. 

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