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A comment on Tesla buys $1.5B in Bitcoin, may accept it as payment in the future.

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by orange_tee on Monday February 08, 2021 @10:01AM (#26065349)
Don't understand much about corporate finance. Why would they park $1.5B of their cash? Don't they need it for other stuff? Or will they just borrow an equal amount to use for whatever they need?
[ Parent | on HN ]
Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by bkeyes on Monday February 08, 2021 @10:06AM (#26065423)
Maybe they want to diversify and not have so much in cash (ie: USD) because they think it will get devalued over the coming years, especially compared to Bitcoin.
[ Parent | on HN ]