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.