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Tesla’s foray into Bitcoin. Tesla originally invested $1.5 billion in Bitcoin in 2021. ... Its original investment of 43,200 BTC would have been worth over $3 billion when Bitcoin hit a recent ...
Tesla initially bought $1.5 billion of Bitcoin in 2021. Musk, a famous fan of the memecoin Dogecoin, predicted the investment would help the company maximize returns on cash and help it accept ...
As detailed in a broad SEC filing this week, Tesla gave investors an update on its Bitcoin holdings. Parsing through the disclosure, it boils down to this: Tesla bought around $1.5 billion in ...
Elon Musk bought $1.5 billion worth of the cryptocurrency in 2021 using the electric car maker’s cash reserves
The ability to list Bitcoin at fair market value will help firms like Tesla, but could also lead other companies to add crypto to their treasuries.
Tesla has sold off 75 percent of its holdings in Bitcoin, which was worth about $2 billion at the end of 2021, after making a huge investment in the cryptocurrency in 2021. The value of Bitcoin ...
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Tesla is among the first major brands to accept bitcoin. It announced this year that it had added $1.5 billion worth of bitcoin to its balance sheet. Elon Musk announces on Twitter that you can ...