Tesla Dumps $1.5 Billion Into BTC

Wednesday 10 February 2021, 12:06 PM AEST - 2 months ago

Bitcoin hit yet another all time high when Tesla invested $1.5 Billion into the worlds best performing asset of the decade.

Founder, Elon Musk, of the worlds best known electric car, Tesla, has always been a night advocate of Bitcoin, and this just seals the deal.

In an annual report filed with the US Securities and Exchange Commission, Tesla stated that,

The company may acquire and hold digital assets from time to time or long term.

When the news hit the market Bitcoins price increased by about 14%, hitting a new all time high and breaking past $44,000 USD. This now puts Bitcoins year-to-date return to about 50%, which far outperforms the 3.9% of majority of US stocks.

Teslas annual report has also updated their investment policy to provide more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity.

Further including in the report investments in alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets.


Yes, the price of BTC has reached another all time high, and yes, it is the best performing asset of the decade, BUT it is still not too late to enter into the digital asset space and start earning BTC.

NGS Crypto, Australias leading digital asset mining specialists, offer world class service and great investment packages to allow you to safely enter into the digital asset world with great % returns.

Through an investment with NGS Crypto you are able to gain fixed returns over a fixed amount of time. These returns vary depending on your initial investment amount, and range from a minimum of 10% ROI p.a up to19% ROI p.a.

NGS Crypto offers 2, 3 and 5 year fixed term packages.

During the course of your investment with NGS Crypto your returns are paid out daily in BTC, giving you the ability to accumulate BTC, and access to withdraw 24/7. This means that it is 100% up to the clients discretion when and how they hold and sell their earned BTC.

At the end of your legally binding Initial ...

Read full story on NgsCrypto

Disclaimer: The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.