In a recent filing with the US Securities and Exchange Commission, Tesla Inc. reaffirmed its pro-Bitcoin stance, dubbing the asset “a liquid alternative to cash.”
According to the filing, the electric car maker is still holding onto its Bitcoin from the quarter prior. As reported by BTC PEERS, Tesla invested a whopping aggregate of $1.5 billion in Bitcoin during the first quarter of 2021. In the filing at that time, the company provided information on how the investment would “provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity.” An excerpt from the latest filing reads:
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Source: Cryptocurrency - investing.com
