BREAKING NEWS: Bitcoin eyes $44,000 setting a new All-Time High record as Tesla invests $1.5 Billion to BTC

Bitcoin breaks its silence marking a new ATH thanks to Elon Musk’s Tesla that has bought $1.5 billion in BTC back in January

Monday could not start better with the world’s largest Cryptocurrency increasing its value by $3,000 in just a few minutes leading the price to a new All-Time High record, this time above $44,000.

Experts say that this sudden massive “gains” happened after Elon Musk’s big company –Tesla- revealed that they had invested $1.5 Billion in Bitcoin back in January.

Here is a part of what the company stated through a Securities and Exchange Comission (SEC) filing:

In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt. — Reads the filing.

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