“In retrospect, it was inevitable.” - Elon Musk Tesla Makes a Huge Bitcoin Allocation, Plans to Introduce BTC Payments Tesla (TSLA) stirred the financial newsflow this Monday (8.2) by announcing a $1,5 billion allocation to bitcoin. A 10-K annual filling reveals Tesla’s exposure being 7,7 percent of its gross cash, or 15,1% of net cash. Additionally the company plans to accept bitcoin as a payment method. Furthermore, Tesla announced it will not convert future receivables into cash, instead the company will add the bitcoins directly to its balance sheet.
Coin Alpha: February 2021 Outlook
“In retrospect, it was inevitable.” - Elon Musk Tesla Makes a Huge Bitcoin Allocation, Plans to Introduce BTC Payments Tesla (TSLA) stirred the financial newsflow this Monday (8.2) by announcing a $1,5 billion allocation to bitcoin. A 10-K annual filling reveals Tesla’s exposure being 7,7 percent of its gross cash, or 15,1% of net cash. Additionally the company plans to accept bitcoin as a payment method. Furthermore, Tesla announced it will not convert future receivables into cash, instead the company will add the bitcoins directly to its balance sheet.
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