Search results
Results from the WOW.Com Content Network
Tesla’s remaining Bitcoin, less than 10,000 BTC, has appreciated over 350% since. Its original investment of 43,200 BTC would have been worth over $3 billion when Bitcoin hit a recent high of ...
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
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 ...
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.
Furthermore, large companies like Tesla also hold Bitcoin; the electric carmaker's holdings total upward of $1.2 billion. Others are likely to follow, especially if prices continue to rise.
It's not like Tesla shareholders needed another reason to worry about their investment, considering the electric vehicle maker's slumping stock price and uncertain business outlook. Now comes word...
For many Tesla buyers, it certainly won't be the most practical means of payment. Still, the market perceived this as good news: The price of Bitcoin went sharply up following Musk's announcement ...