Electric cars are meant to be pro-sustainability and anti-climate change while bitcoin mining wastes vast amounts of coal generated electricity.
(From The Washington Examiner)
Tesla announced it invested $1.5 billion in Bitcoin in its annual report filed with the Securities and Exchange Commission, prompting the cryptocurrency to rise to an all-time high on Monday.
While the clean energy company acknowledged in the report that digital assets “may be subject to volatile market prices,” it maintained that the change would allow for “more flexibility to further diversify and maximize returns on [its] cash.”
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