Tesla announced in its SEC notice on Monday that it may start receiving payments in cryptocurrencies again in the future.
Electric car maker Tesla announced earlier this year. selling vehicles for bitcoin (BTC) started and stopped this practice in May 2021 due to the environmental effects caused by the mining industry.
In its third-quarter annual report submitted to the US Securities and Exchange Commission (SEC), the company stated that suspended cryptocurrency transactions “that it can be restarted in the future” stated.
“We believe in the long-term potential of digital assets as both an investment and a liquid alternative to cash.”
In its February 2021 statement $1.5 billion bitcoin Announcing that it bought 10% of it, Tesla to test its liquidity had sold.
According to Monday’s statement, the total value of bitcoins in the company’s reserves as of September 30, 2021, 1.83 billion dollars was at the level. According to Bitcointreasuries data, the company is in reserve 43,200 BTC exists.