Whoah. 1,5 billion isn't exactly pocket change either. Or couch change as some on this forum call it. I hope they don't lose their passpharase and keep it in a secure wallet
Seriously though I support them accepting BTC as payment for goods and services. Not exactly sure how I feel about them investing in it, but with a lot of cash on hand maybe it's better than just having it sit in some low yield position? With purchases like that they can actually move the market on BTC and accepting it as a "real" currency certainly goes a long way in accelrating acceptance of BTC. Does anyone know if any other big company is accepting BTC yet??
I struggle to see how BTC-investing/speculation falls within Tesla's area of interest, so reactions from some of the TMC financial heavy hitters would be very helpful here.
I guess the fact that Musk's tweets regarding crypto-currencies has been mostly about Dogecoin should rule out (justified) accusations of a BTC pump & dump scheme. Further, Tesla's disclosure of a BTC-investment (and stated intention of accepting BTC) is clearly seen as a powerful validation of BTC, which is up on the news - which I guess is unsurprising, so in that sense it would pay off for Tesla as short-term speculation. Maybe.