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Tesla continue to hodl its bitcoin assets
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[QUOTE="Hooligan, post: 251454, member: 75662"] Tesla brought a revolution in the legal payment system when it first announced bitcoin would be accepted as a form of payment. Last year, Tesla had around $2 billion BTC reserves, and in the same year, Elon Musk said that the main motive of Tesla to hold Bitcoins is to improve the liquidity of Bitcoins in the market as well as improve its flow in the balance sheets. Tesla was said to face a loss of $101 million. However, after selling a portion of its BTC holdings, Tesla regained profits of $128 million, thereby making a total profit of $27 million. In the present date, the value of bitcoin has fallen from above $40k to around $30k now. It will be interesting to see the decisions taken by the company if the value of BTC does not rise in the coming days. [/QUOTE]
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Tesla continue to hodl its bitcoin assets
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