Tesla
Elon Musk’s Tesla Held onto Remaining Bitcoin through Q4.
After selling 75% of its Bitcoin for $936 million in July 2022, Tesla held onto the remaining supply through Q4. The EV maker stepped into Bitcoin in the first quarter…
Tesla Holds onto $218 million in Bitcoin.
Despite selling 75% of its Bitcoin holdings in July, Tesla is one of the largest holdings of the popular cryptocurrency. The company still holds $218 million in Bitcoin. In documents…
Tesla slashes its Bitcoin holdings by 75%.
In a never-before move, Tesla sold almost 75% of its Bitcoin holdings amounting to $936 million. The move surprised many because Tesla CEO Elon Musk is regarded as the de…
Tesla records $170 mn impairment loss despite “selling Bitcoin for profit”.
The crypto market downturn has also had an impact on Tesla, which recorded a $170 million impairment loss. The EV manufacturer spent $1.5 billion for 43,200 Bitcoin in the first…
Musk’s Tesla Abandons 75% of Its Bitcoin Holdings.
As Bitcoin continues to fall sharply, Elon Musk’s Tesla abandoned a large chunk of its Bitcoin holdings. During its Q2 earnings report, the electric car giant revealed that it has…
What Other Companies Can Learn from Tesla’s Massive Bitcoin Sale.
Tesla has decided to sell around 75% of all the bitcoin holdings that it has. However, this isn’t likely to have an impact regarding whether different firms will decide to…
Tesla sells off 75% of Bitcoin, adds $936 million to company balance sheet.
It seems Tesla Inc. is not immune either to the current market downtrend as it sold 75% of its Bitcoin to add $936 million to the company’s balance sheet. The…
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