Elon Musk has just tweeted that you can now buy Tesla cars using Bitcoin, thus increasing the company’s crypto holdings.
He also revealed that Bitcoin paid to the company would remain in that form and it wouldn’t be converted into fiat. The option is, for now, available only in the US, but there are plans to expand it outside of it later this year.
Musk also mentioned that Tesla operated bitcoin nodes directly by using internal and open-source software.
This means that Tesla will continue to add bitcoin to the big number that it already holds. In early February, Tesla’s trove had a worth of $1.5 billion and now that value has only increased.
When it was divulged that Tesla had bought Bitcoin, the cryptocurrency grew to its then ATH of $44,801.
The news revealed today has brought joy to BTC investors as the King of Crypto has traded at around the $55,000 mark in the last few days, failing to establish $60,000 as the new resistance level.