Tesla, the electric car company run by Elon Musk, has bought $1. 5bn (£1. 1. bn) worth of bitcoin and sent the price of the cryptocurrency soaring to record highs.
The digital currency’s value jumped up 14 per cent to a record high of $43,500, 300 per cent higher than this time last year, following the firm’s announcement.
In a filing with the US Securities and Exchange Commission, the company said it had “updated our investment policy to provide us with more flexibility to further diversify and maximise returns” to allow it to invest cash in assets such as bitcoin.
Read more on msn.com
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