Elon Musk has said that Tesla will resume allowing bitcoin transactions when miners use more renewable energy.
“When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing bitcoin transactions,” Musk, the company’s CEO, said in a tweet on Sunday.
Bitcoin rose 5.1% to $37,360.63 at 1810 GMT (2:10pm ET) on Sunday, adding $1,817.87 to its previous close, after Musk’s tweet.
Musk also said that Tesla sold about 10% of holdings to confirm bitcoin could be liquidated easily without moving market.
He announced in May that Tesla would no longer accept bitcoin for car purchases, citing long-brewing environmental concerns for a swift reversal in the
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