Happy Bitcoin anniversary, Tesla — Elon Musk firm still hodls 9.7K BTC
Bitcoin exposure may be down 77.5%, but Tesla still has the third-largest BTC holdings of a publicly listed company. Go to Source Powered by WPeMatico
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Tesla’s SEC Filing Shows Bitcoin Fair Market Value of $191 Million
Tesla’s latest filing with the U.S. Securities and Exchange Commission (SEC) shows that the fair market value of the company’s bitcoin holdings was $191 million at the end of 2022. In addition, billionaire Elon Musk’s electric car company recorded $204 million of impairment losses resulting from changes in the prices of bitcoin. Tesla’s Digital Assets … Read more
Tesla records $140M Bitcoin net loss in 2022
The electric vehicle maker earned $64 million in profits from Bitcoin trading, which was offset by a $204 million impairment. Go to Source Powered by WPeMatico
Tesla’s Q4 Balance Sheet Shows Bitcoin Holdings Worth $184 Million
Tesla’s latest balance sheet shows the company’s bitcoin holdings worth $184 million. Tesla did not sell any digital assets in the fourth quarter of 2022 despite the crypto winter and contagion in the crypto ecosystem. Tesla’s Digital Assets Valued at $184 Million Tesla Inc. (Nasdaq: TSLA) released its earnings results for Q4 2022 on Wednesday. … Read more
Bitcoin, Ethereum Technical Analysis: BTC Back Above $23,000 Following Tesla Q4 Earnings Report
Bitcoin rallied back above $23,000 on Thursday, following the release of Tesla’s quarterly earnings report. The report showed that Tesla was holding 9,720 bitcoin, worth $223 million. Ethereum was also higher, as prices were back above $1,600, rebounding from recent losses in the process. Bitcoin Bitcoin (BTC) moved to a fresh five-month high earlier in … Read more
Elon Musk’s Tesla held onto its Bitcoin in Q4 despite market turbulence
The EV maker continued to hold its estimated 9,720 Bitcoin, only losing $34 million on its investment due to price declines towards the end of 2022. Go to Source Powered by WPeMatico
Elon Musk Praises Reports on Latam Common Digital Currency: ‘Probably a Good Idea’
Elon Musk, CEO of Twitter, SpaceX, and Tesla, has given his opinion about the latest reports on the creation of a common currency in Latam, to be initially worked on by Argentina and Brazil. Musk stated that this move would be “probably a good idea,” commenting on the topic on social media. Elon Musk Gives … Read more
Bitcoin beats Tesla stock in 2022 as BTC price heads for 60% losses
Bitcoin may in line for worse losses in the new year, analysts say, but BTC price action has a least fared better than TSLA. Go to Source Powered by WPeMatico
Bitcoin underperforms stocks, gold for the first time since 2018
Bitcoin’s yearly losses are similar to high-profile stocks like Tesla and Meta, with BTC investors down 70% in 2022. Go to Source Powered by WPeMatico
Over the Last Year, Bitcoin’s Market Cap Slid From the World’s 8th Most Valuable Asset to the 26th Position
In Nov. 2021, bitcoin’s market valuation managed to make it into the top ten list of assets ranked by market capitalization, as it was the eighth largest market cap last year on Nov. 9. Since then, bitcoin is 75% lower in value against the U.S. dollar and the leading crypto asset’s market capitalization has dropped … Read more
