News > Bitcoin Surges To All-Time High As Elon Musk's Tesla Invests $1.5 Billion

Bitcoin Surges To All-Time High As Elon Musk's Tesla Invests $1.5 Billion

08/02/2021 10:15 PM | Click to read full article

Bitcoin surged to an all-time high after Tesla Inc said it's invested $1.5 billion, becoming the biggest company yet to back the controversial cryptocurrency.

Bitcoin jumped as much as 15% after Tesla made the disclosure in a regulatory filing, with prices exceeding $44,000 for the first time. Tesla also said it would begin accepting the digital token as a form of payment for its electric cars.

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