Name Price24H (%)
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$47,547.00
-5.63%
Ethereum (ETH)
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-7.79%
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-6.65%
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-2.50%
Bitcoin Hits New Record High Over $43K on Tesla News
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Bitcoin Hits New Record High Over $43K on Tesla News



Bitcoin jumped to fresh record highs on Monday after U.S. electric car manufacturer Tesla announced its purchase of $1.5 billion of the cryptocurrency.

The largest cryptocurrency surged at least 11% to more than $43,000, surpassing the previous peak price of $41,962 reached Jan. 8, according to CoinDesk 20 data.


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Tesla, headed by Elon Musk, said in a U.S. Securities and Exchange Commission filing that the company has invested an aggregate $1.5 billion in bitcoin and is open to acquiring and hold digital assets from time to time or long-term. Musk stirred up enthusiasm in the cryptocurrency markets recently when he added “#bitcoin” to his Twitter profile.

Tesla is the latest to join a growing list of publicly traded companies buying bitcoin for their corporate treasuries, led by Michael Saylor’s MicroStrategy.

Source: CoinDesk.com

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