Bitcoin surges above $42,000 after Tesla discloses $1.5 bln investment

Bitcoin surged to an all-time high after Telsa Inc. said it has invested $1.5 billion and will begin accepting the cryptocurrency as a form of payment.

Prices jumped 10 percent to $42,595 as of 12:57 p.m. in London. Tesla made the announcement as part of an update to its investment policy, according to a filing.

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