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# Tesla might reenable Bitcoin payments
- URL: https://btcpeers.com/tesla-might-reenable-bitcoin-payments-2/
- Published: 2021-10-26T19:44:33.000Z
- Updated: 2023-09-24T15:38:39.000Z
- Author: John Williams
- Tags: News, #saudu, #Import 2025-12-27 14:07

Elon Musk’s electric vehicle manufacturing company, Tesla, has hinted at the possibility of restoring support for Bitcoin payments.

According to a September quarterly filing with the U.S. Securities and Exchanges Commission (SEC), the firm stated that it *“may in the future restart the practice of transacting in cryptocurrencies.”*

The company also reiterated its opinion that cryptocurrencies could emerge as a dominant store of value and means of payment over the longer term.

> We believe in the long-term potential of digital assets both as an investment and also as a liquid alternative to cash.

Tesla previously allowed payments in Bitcoin for the purchase of electric vehicles between January and March. The firm also added $1.5 billion worth of BTC to its portfolio during the first quarter of 2021\. However, the firm discontinued support for Bitcoin payments on environmental grounds, a decision that sent the entire [cryptocurrency](https://btcpeers.com/what-is-the-best-cryptocurrency-to-invest-in/) market into disarray.

Fast-forward to June, Musk revealed that the company might begin accepting payments in the flagship cryptocurrency again, once at least 50% of the network’s hash rate is powered by renewable energy.

Judging by the recent filing, it seems like the decision to reintegrate BTC into its payment platforms is very close.