Elon Musk on Twitter just announced that you can now buy a Tesla car with Bitcoin. Musk’s announcement comes almost a month after Tesla said in a filing the decision was part of its broad investment policy as a company and was aimed at diversifying and maximizing its returns on cash. It said it had invested an aggregate $1.5 billion in bitcoin under the changed policy and could “acquire and hold digital assets from time to time or long-term”. Bitcoin also surged more than 10% the day after to a record high of $43,625 after Tesla’s disclosure. Bitcoin, which has set new record highs in recent months after a rollercoaster ride over the past decade, has also drawn support from major financial institutions this year. The world’s biggest money manager Blackrock recently changed a handful of investment mandates to allow some of its funds to invest in the currency.

Musk’s tweet on the development came with new additional inputs, for example – it is currently only limited to the US, but will open up to other countries soon.