Tesla SEC Filing documents this purchase

I read the filings first 23 pages (skimmed) until I found the actual words:

We hold and may acquire digital assets that may be subject to volatile market prices, impairment and unique risks of loss. 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.

SEC filing link here: Source

Bitcoin price surged on this news?

Bitcoin blew through 41k on its way to a new All Time High 44,956 USD!

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And Ether also surged to a new All Time High $1,779 USD

And in keeping with our WLEO - ETH PEG WLEO surged upwards mirroring Ether, both up 7.4%

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I think it’s potential a ETH alternative investment for small investors, and when DeFi comes to Leofinance...amazing things may happen.

Stay informed my friends!

Written by @shortsegments

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