Tesla Reveals How Much Money Loses From Bitcoin (Elon Musk Sticks To Writing “Bitcoin”)
February 1, 2023
0
Billionaire businessman Elon Musk’s approach to cryptocurrencies is clear. It’s a big one is a DOGE whale in an already known fact. Plus, it’s not just Elon Musk;
Billionaire businessman Elon Musk’s approach to cryptocurrencies is clear. It’s a big one is a DOGE whale inan already known fact. Plus, it’s not just Elon Musk; The companies under Musk are also looking at cryptocurrencies. For instance; tesla. It is already known that the company has a significant amount of Bitcoin (BTC). However, Tesla has it Lost by BTCs.
Tesla presented a series of documents to the United States Securities and Exchange Commission (SEC) and also provided details about the cryptocurrencies it owns in these documents. Looking at the document, the value of Bitcoins held by the company $204 million We see it losing value. However, cryptocurrency trading also brought the company $60 million. If we add this all together; Because of Tesla’s Bitcoin A net loss of $144 million We come to the conclusion that
How Much Bitcoin Does Tesla Have?
Tesla bought $1.5 billion worth of Bitcoin in 2021. The company back then, Bitcoin’s good investment tool he thought so. Tesla, which sold 10 percent of it in the period that followed, managed to turn the cryptocurrency markets upside down with Elon Musk’s statements. So much so that Musk announced that Tesla will allow car purchases and sales with Bitcoin. Some action has even been taken. However, days later, Musk, who issued a new statement, said that Bitcoin arguing that he is not an environmentalistshe gave up her decision.
As we got to 2022, a general decline began in the cryptocurrency markets. As such, another 75 percent of BTC held was sold. As a result of all these sales, Tesla’s pocket $184 million Bitcoin is gone. The future process of the company regarding cryptocurrencies how to make decisions we will see together.
Jason Root is a blockchain enthusiast and author at Div Bracket. He provides comprehensive coverage of the latest developments in the world of blockchain, offering readers a unique perspective on the industry and its potential for revolutionizing various industries.