Tesla Informs SEC It May Restart Transacting in Cryptocurrencies

Tesla Informs SEC It May Restart Transacting in Cryptocurrencies

Elon Musk’s electric car company, tesla, has informed the U.S. Comisión Nacional del Mercado de Valores (SEGUNDO) in a quarterly filing that it may restart the practice of transacting in cryptocurrencies for its products and services. Tesla suspended accepting bitcoin in May, citing environmental concerns.

Tesla May Resume Accepting Bitcoin, SEC Filing Shows

Tesla Inc. filed a quarterly reporte with the U.S. Comisión Nacional del Mercado de Valores (SEGUNDO) Monday.

The company explained that during the nine months ended Sept. 20, eso “purchased an aggregate of $1.50 billion in bitcoin.In its Q3 earnings report, tesla’s balance sheet shows valor de bitcoin $1.26 mil millones, after reporting bitcoin-related impairments in the past two quarters.

The SEC filing further states that during the three months ended March 31, tesla “accepted bitcoin as a payment for sales of certain of our products in specified regions, subject to applicable laws.” Sin embargo, the company noted that itsuspended this practice in May 2021.Tesla continued:

We may in the future restart the practice of transacting in cryptocurrencies (‘recursos digitales’) for our products and services.

The electric car company, whose market cap hit $1 billones for the first time this week, explicado that itsuspended vehicle purchases using bitcoindue to concernsabout rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.

Tesla CEO Elon Musk then tried to convince bitcoin miners to use renewable energy. En Mayo, he spoke with North American bitcoin miners, after which they formed a Consejo Minero Bitcoin a “promote energy usage transparency & accelerate sustainability initiatives worldwide.

In June, Almizcle tuiteó: “When theres confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing bitcoin transactions.

At theB Wordevent in July, él dijo: “It looks like Bitcoin is shifting a lot more toward renewables and a bunch of the heavy-duty coal plants that were being usedhave been shut down, especially in China.” agregó: “I want to do a little more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend toward increasing that number. If so, Tesla will most likely resume accepting bitcoin.

While Tesla only accepted bitcoin, Musk conducted a poll on Twitter in May asking his followers if Tesla should accept dogecoin (DUX). 78.2% of more than 3.9 million votes were in favor of Tesla accepting the meme cryptocurrency. Musk recently confirmed that he personally owns bitcoin, éter, and dogecoin. Mientras tanto, his companies, tesla y spacex, only own bitcoin.

Do you think Tesla will accept bitcoin again soon and do you think the company will also accept dogecoin? Háganos saber en la sección de comentarios.