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Tesla’s investment in bitcoin was known back in January, and this could be used
A Reddit user claiming to be a Tesla insider spoke about the automaker’s purchase of bitcoins a month ago. According to his post, which appeared on the platform in January, the car company bought bitcoins for $ 800 million.
REUTERS / Dado Ruvic
His post on January 2 did not attract much attention, although using this information it would be possible to earn a considerable amount. But this option can only be discussed now after the electric vehicle manufacturer announced a $ 1.5 billion investment in cryptocurrency, pushing the bitcoin price to a new all-time high.
“I am a software developer working in the R&D department of Tesla in California, in the last 72 hours our company bought 24,701 BTC at an average price of $ 33,142,” a user with ID TSLAinsider wrote on the Bitcoin subreddit.
«I have no idea what will happen when it hits the news, but I think the price will jump even more,» he added.
It looks like the moderators at r / Tesla, the electric car subreddit, deleted this post, but it was left on the r / bitcoin cryptocurrency subreddit.
As the expert noted, if someone used such insider information, he would not be prosecuted, since the US Securities and Exchange Commission (SEC) does not consider cryptocurrency as a security.