Tesla HODLs Bitcoin — But Sticks To Dogecoin-Only Crypto Payments Policy

Electric car maker Tesla Inc (NASDAQ: TLSA) continues to hold on to Bitcoin (CRYPTO: BTC) but only accepts Dogecoin (CRYPTO: DOGE) for making purchases.

In an FAQ, Tesla says it only accepts Dogecoin: “Tesla cannot receive or detect any other digital assets. Ensure you are making your purchase with Dogecoin. Sending any other digital assets may result in the assets being lost or destroyed. Non-Dogecoin digital assets sent to Tesla will not be returned to the purchaser.”

See More: Best Crypto Day Trading Strategies

The company reported that its total digital assets held by the end of December 2022 were $184 million, a decrease of $34 million from the previous quarter due to the dip in the price of Bitcoin between September and December of last year. 

In May 2021, Musk suspended Tesla purchases with Bitcoin citing environmental concerns. 

Price Action: BTC was trading at $23,159 up 2% in the last 24 hours, according to Benzinga Pro.

Read Next: Bitcoin, Ethereum, Dogecoin Spike: Analyst Warns Apex Crypto Could Dip Back To $20K If Tech Selloff Intensifies

 

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