As well as confirming the availability of the new payment option, Musk offered some details on how Tesla is handling the cryptocurrency. "Tesla is using only internal & open source software & operates Bitcoin nodes directly," he said in a follow-up tweet, "Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency."
Tesla announced its intention to start accepting bitcoin as payment a little over a month ago in its annual 10-K report when it said it would be adding the option in the "near future." In the same filing, the company said it had also invested a total of $1.5 billion in the cryptocurrency. The news sent the price of bitcoin up to over $43,000, an all-time high at the time. As of this writing, 1 bitcoin is now worth a little over $56,000.
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