Tesla reveals buying bitcoin worth $1.5 billion, plans to accept BTC payments
Electric car-maker Tesla announced in an SEC filing that it is the latest company to convert its balance sheet into bitcoin.
Per the filing, the company whose share price skyrocketed and outperformed the stock market in 2020, splashed $1.5 billion last month.
Tesla joins the bitcoin bandwagon
According to the filing, the carmaker said it purchased the leading digital currency for “more flexibility to further diversify and maximize returns on cash.”
“Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term,” reads the filing.
The company also wrote that bitcoin is risky.
As if that was not enough, the publicly-traded company said it plans to start accepting bitcoin payments for its products.
This would make Tesla the first major auto-maker to accept payment in cryptocurrency.
Bitcoin reacts to Tesla’s news
The importance of Tesla buying and holding bitcoins cannot be understated. After the announcement, Bitcoin’s price surged from around $39,000 to $42,000.
[caption id="attachment_28964" align="alignnone" width="904"]
Bitcoin gains more than 7% following Tesla's BTC news. | Source: CoinMarketCap[/caption]
Tesla joins an exclusive club of a few companies that have invested more than a billion dollars in bitcoin.
Microstrategy, which spent over $1.145 billion on bitcoins, has seen its value doubled as the stash is now worth more than $3 billion at current market prices.
Was Musk pumping bitcoin all-along?
The past few weeks have seen Tesla CEO Elon Musk doing a lot of bidding for bitcoin, the leading digital currency, and Dogecoin, a meme-themed cryptocurrency that he said might be his favorite digital asset.
In a Twitter exchange with Microstrategy CEO Michael Saylor, Musk inquired about large transactions of converting Tesla’s balance sheet into BTC.
He was responding to Saylor who encouraged him to do his “shareholders a $100 billion favor” of using the company’s treasury to buy bitcoin.
After that, it was Elon Musk doing what only Elon Musk can do.
He tweeted that “bitcoin is my safe word.” He followed that by changing his Twitter bio to “bitcoin.”
Musk’s tweets about bitcoin have positively affected the price of bitcoin. After the bitcoin posts, he turned his attention to Dogecoin.
The coin has had an incredible run, posting new record highs as a result of Musk’s Twitter actions.
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
