Bitcoin

Tesla may continue to accept Bitcoin in the future: filing with the SEC

Tesla may continue to accept Bitcoin payments under the new SEC filing in the future, while the electric car maker previously stopped accepting Bitcoin as a payment option due to environmental concerns. So let’s read more about it in our latest bitcoin news today.

In its filing with the SEC yesterday, the company said Tesla may continue to accept Bitcoin in the future. In filing with the SEC regarding the company’s most recent earnings report that it may resume trading in crypto for products and services, Tesla stated that with its previous decision to stop accepting Bitcoin payments, it was forever ahead of cryptocurrencies flinches.

After investing $ 1.5 billion in Bitcoin, Tesla offered US customers the option to pay in BTC, but just two months later, environmental concerns halted adoption. The company’s CEO Elon Musk says he’s really concerned about the increasing use of fossil fuels for BTC mining and transactions like coal. BTC mining is working with powerful computers to check transactions on the blockchain and to ensure the smooth operation of the network. This process uses a lot of energy and there has been a lot of criticism of the number one cryptocurrency and its miners for their impact on the environment.

NS Tech billionaire however, said Tesla will start accepting crypto as payment as more BTC miners start using clean energy. He added that Tesla would not be selling any BTC that it had bought or received in payment at the time. Now a lot of BTC miners are looking for clean energy and crypto mining mainly due to China where most of the mining is located and then the country decided to take action against the activity. BTC mining caused hundreds of companies to flee the country.

Since then, the US has led the world in BTC mining with more activities using renewable energy instead of the polluting Chinese coal that Musk has criticized in the past. Tesla and Musk both benefited from buying bitcoin. The company bought $ 1.5 billion in assets and made $ 1 billion in profits, so in the SEC filing we can read:

“We believe in the long-term potential of digital assets both as an investment and as a liquid alternative to cash.”

DC Forecasts is a leader in many crypto news categories, always striving for the highest journalistic standards and adhering to strict editorial guidelines. If you would like to share your expertise or contribute to our news page, please contact us at [email protected]

According to Dailyhodl

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Solana memecoins crash while DTX Exchange hits 100,000 TPS on layer-1 blockchain

Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…

25 minutes ago

Strategic Bitcoin Reserve Expected to Cut 35% of US National Debt by 2049

VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…

32 minutes ago

The New Lead of Presidential Crypto Council Appointed by Trump Is Bo Hines

President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.

56 minutes ago

Best New Meme Coins with 1000X Potential: BTFD Coin’s Hot BIG50 Discount As Baby Doge Coin, Dogs Takes Gaming to the Next Level

Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…

2 hours ago

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

3 hours ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

4 hours ago

This website uses cookies.