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Tesla May Restart Bitcoin Payments as Mining Meets Clean Energy Threshold

Guavy AI Editorial Team
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Tesla may resume accepting Bitcoin payments for its products after halting them in 2021 due to environmental concerns over mining's fossil fuel use.

Elon Musk set a condition for reinstatement: that Bitcoin mining reaches about 50% clean energy usage, a threshold recent data suggests has been met.

Despite this, Tesla has not confirmed any plans to reinstate Bitcoin payments. However, the company still holds 11,509 BTC worth around $386 million, indicating a long-term interest in Bitcoin separate from payment acceptance.

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