Elon Musk Reveals Tesla Will Increase $1.5 Billion Bitcoin Holdings, Boosting The Price

Tesla
TSLA
chief executive Elon Musk—whose tweets regularly move the bitcoin price (as well as other cryptocurrencies)—has revealed people can now buy a Tesla car with bitcoin.

In a series of tweets, Musk said that bitcoin paid to Tesla will be retained as the cryptocurrency and not converted back to dollars, adding to Tesla’s $1.5 billion worth of bitcoin it bought last month.

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