REUTERS/Dado Ruvic

The fact that Tesla invested in bitcoin was known back in January, and this could be used

A Reddit user claiming to be a Tesla insider talked about the automaker’s purchase of Bitcoin a month ago. According to his post, which appeared on the platform in January, the car company bought $ 800 million worth of bitcoins.

REUTERS / Dado Ruvic

His post on January 2 did not receive 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 car 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, our company bought 24,701 BTC in the last 72 hours at an average price of $ 33,142.”, – wrote a user with the ID TSLAinsider in the subreddit dedicated to bitcoins.

“I have no idea what will happen when it hits the news, but I think the price will jump even more.”– he added.

It appears that 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.

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