Elon Musk has tweeted that Tesla vehicles can now be purchased using bitcoin, increasing the company’s sizeable cryptocurrency holdings.
This option will also be made available outside the U.S. later this year.
Musk added that Tesla operates bitcoin nodes directly using internal and open-source software.
The move will see Tesla add to its already sizeable bitcoin holdings which Musk revealed Feb. 8. At the time, Tesla’s trove was valued at $1.5 billion; it’s worth quite a bit more now.
Musk’s tweet disclosing the purchase propelled bitcoin to a then all-time-high of $44,801.
The news today will be welcome for bitcoin investors who have seen the world’s most valuable crypto tread water around the $55,000 mark in recent days.
Musk’s tweet has already given a lift to the price of bitcoin, which is currently at $56,293.57, up 3.45% in the last 24 hours.