Bitcoin Surges To Nearly $44,000 On News Tesla Bought $1.5 Billion In BTC - News 2.8.2021

Tesla has announced in a regulatory filing that it recently bought about $1.5 billion in Bitcoin, to "diversify" the company's cash holdings. It also plans to soon accept Bitcoin as a payment method.

Bitcoin (BTC) chart via Gemini - prices spiked after Tesla’s big announcement.

Some pundits on Wall Street are already saying Tesla's acceptance of Bitcoin could spark a ripple effect, leading many other large companies to experiment with holding Bitcoin or accepting it as a payment method.

In the wake of the news, the price of one Bitcoin rose to nearly US $44,000.