Tesla Reports $600 Million Profit From Bitcoin
Tesla’s recent financial report received a boost from its holdings of Bitcoin, thanks to new accounting regulations for digital assets.
Tesla’s recent financial report received a boost from its holdings of Bitcoin, thanks to new accounting regulations for digital assets.
Despite rumors of a potential sale or liquidation, electric vehicle company Tesla still appears to hold its entire Bitcoin investment, which is currently valued at $780 million.
Tesla’s BTC position has remained unchanged for the fourth quarter in a row.
US electric car maker Tesla has released its financial results for the second quarter of 2022.
The company’s reserves in Bitcoin did not change for the second quarter in a row and amounted to $1.26 billion.
Tesla’s CEO has just announced the launch of the third part of Tesla’s Master Plan, which includes artificial intelligence (AI).

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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