According to Tesla’s Q1 earnings report, the foremost electric car producer holds approximately $184 million in digital assets on its balance sheet.
Despite Bitcoin‘s price increasing over 72% this year, the worth of the company’s Bitcoin holdings hasn’t changed because unrealized profits don’t need to be reported yet.
In February 2021, Tesla purchased an impressive $1.5 billion amount of Bitcoin for their company’s reserves, significantly increasing its value and reaching record-breaking prices.
In April 2021, Tesla sold off a portion of its holdings, amounting to a 10% decrease, and gained approximately $272 million in return.
In July, the leading e-car maker sold the vast majority of its Bitcoin holdings.
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2024-04-24 09:17