Tesla Report Shows Bitcoin Holdings Remain Unchanged At $1.2 Billion
Elon Musk, and by extension, Tesla, have been one of the biggest proponents of bitcoin. The automotive manufacturer which is headed by the billionaire had been a big push in the first bitcoin run-up towards a new all-time high in May 2021. This had come as a result of the EV manufacturer announcing that it would be accepting BTC as a payment method for its cars. Not too long after, the company had repealed its decision to accept the digital asset as a method of payment, citing environmental concerns as the reason behind this. However, it did not explicitly back away from bitcoin as it made....
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The vehicle manufacturer's latest earnings report for the third quarter shows it's made no changes to its Bitcoin holdings since its huge sell-off in the second quarter. Electric vehicle manufacturer Tesla has made no further changes to its remaining stash of Bitcoin (BTC) in the third quarter of 2022, despite nearly a $1 billion sell-off in the previous quarter. The company’s Q3 report released Oct. 19 shows $218 million worth of “digital assets” remains on its balance sheet, with no reported losses in the value of its holdings. Based on current prices, it’s estimated that Tesla still....
Elon Musk’s electric car company, Tesla, has filed an annual report with the U.S. Securities and Exchange Commission (SEC) showing bitcoin holdings with a fair value of almost $2 billion at the end of December. The company sees crypto as both an investment and liquid alternative to cash.
Tesla Has $2 Billion in Bitcoin
Tesla filed an annual report with the U.S. Securities and Exchange Commission (SEC) Friday.
“We continue adapting our investment strategy to meet our liquidity and risk objectives, such as investing in U.S. government and other....
Tesla's Bitcoin stash is now worth $1 billion more than when Elon Musk approved the purchase in February. Tesla's (TSLA) bold foray into the Bitcoin (BTC) market has been paying off in 2021 as BTC price rallies in October to hit over $58,000 on Oct.14.Tesla currently holds roughly 43,200 BTC, worth roughly $2.5 billion at today's prices, according to online monitoring resource Bitcointreasuries.net. This is approximately 65% or $1 billion more than what the carmaker paid in February when Elon Musk's company revealed that it added $1.5 billion in BTC to its balance sheet.BTC/USD daily price....
The second quarter of 2022 had been set ablaze with speculation after automotive manufacturer Tesla reported that it had sold 3/4 of its bitcoin holdings. The value of its bitcoin holdings had declined during this time and the $936 million sale had been reportedly put into traditional currencies. However, it seems the company is not […]
A filing with the U.S. Securities and Exchange Commission (SEC) revealed that Tesla, Inc. acquired a total of $1.5 billion in bitcoin during 2021, recording a $101 million impairment loss and $128 million in gains during the year from their BTC holdings. Tesla’s Bitcoin Holdings In their 10-k form for the fiscal year of 2021, Tesla […]