Bitcoin News and Finance: What You Need to Know

The publicly listed firm Tesla has announced in a Securities and Exchange Commission (SEC) Form 10-k filing that the company has purchased $1.5 billion worth of bitcoin. When the news broke, the price of the leading crypto asset jumped well over 15%, touching a new all-time price high at $44,899 per coin. Tesla, the American electric vehicle and clean energy company based in Palo Alto, California has revealed the company has invested in bitcoin (BTC) . This is following the great number of dogecoin (DOGE) tweets stemming from the Tesla founder Elon Musk during the last two weeks. The 10-k SEC filing submitted by Tesla for the fiscal year 2020 shows the company owns $1.5 billion worth of bitcoin. The announcement was found in a SEC Form 10-k filing which says the firm may “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