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Bitcoin Hits New Record High Over $43K on Tesla News
The largest cryptocurrency surged at least 11% to surpass the previous peak price of $41,962 reached in early January.
Bitcoin jumped to a fresh record high on Monday after U.S. electric car manufacturer Tesla (TSLA) announced its purchase of $1.5 billion of the cryptocurrency.
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The largest cryptocurrency surged at least 11% to more than $43,000, surpassing the previous peak price of $41,962 reached Jan. 8, according to CoinDesk 20 data.
Tesla, headed by Elon Musk, said in a U.S. Securities and Exchange Commission filing it has invested an aggregate $1.5 billion in bitcoin and is open to acquiring and holding digital assets from time to time or for the long term. Musk stirred up enthusiasm in the cryptocurrency markets recently when he added "#bitcoin" to his Twitter profile.
Tesla is the latest to join a growing list of publicly traded companies buying bitcoin for their corporate treasuries, led by Michael Saylor's MicroStrategy (MSTR).
Omkar Godbole
Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
