In January 2021, Tesla updated investment policy to provide with more flexibility to further diversify and maximize returns on cash that is not required to maintain adequate operating liquidity. As part of the policy, Thereafter, Tesla invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, the company expects to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt.
The price of Bitcoin has significantly surged after Tesla's 10-K report announcement. More info you can find within the Edgar database.
