Bitcoin Is ‘A Liquid Alternative To Cash’ Says Elon Musk’s Tesla
In a recent SEC filing, Tesla explained bitcoin’s liquidity use case while outlining its “long-term potential.”In a recent SEC filing, Tesla doubled-down on its bitcoin investment as “a liquid alternative to cash” thesis.Tesla experienced a rocky path from buying bitcoin, to accepting it as payment, and later removing it as a payment method over environmental concerns. Tesla also recently entered the bitcoin mining space.In a recent U.S. Securities and Exchange Commission (SEC) filing, Tesla Inc. reiterated its pro-Bitcoin position stating that bitcoin has “long-term potential” and is “a....
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Elon Musk’s electric car company, Tesla, has filed an annual report with the U.S. Securities and Exchange Commission (SEC) showing bitcoin holdings with a fair value of almost $2 billion at the end of December. The company sees crypto as both an investment and liquid alternative to cash.
Tesla Has $2 Billion in Bitcoin
Tesla filed an annual report with the U.S. Securities and Exchange Commission (SEC) Friday.
“We continue adapting our investment strategy to meet our liquidity and risk objectives, such as investing in U.S. government and other....
Tesla believes cryptocurrencies could emerge as a “liquid alternative to cash” over the longer term. Tesla, the majo electric vehicle manufacturer headed by Dogecoin proselytizer Elon Musk, has hinted that it may soon look to restore support for crypto payments.In a September quarterly filing with the U.S. Securities and Exchanges Commission (SEC), the firm stated it “may in the future restart the practice of transacting in cryptocurrencies,” suggesting Tesla is eying resuming support purchases made using digital assets.The company also expressed its long-term belief in crypto assets as a....