LONDON: Bitcoin jumped more than 10% on Monday to a record high after Tesla said it had invested $1.5 billion in the most popular cryptocurreny last month.

The news sent Bitcoin soaring as high as $43,625 as of 1300 GMT. The electric carmaker unveiled the investment ten days after its chief executive Elon Musk added a "#bitcoin" tag on his Twitter profile page, which drove bitcoin higher on the day.