Why did Tesla allocate only 7.7% of its cash reserves to Bitcoin?

2021-2-10 19:30

In light of Tesla’s $1. 5 billion purchase of Bitcoin, market bullishness is at a fever pitch. In fact, right now, many anticipate that corporate treasurers worldwide will follow Tesla's lead and takThe post Why did Tesla allocate only 7.

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Elon Musk Confirms Tesla Is Not Selling All of Its Bitcoin, Hints at Potentially Resuming Transactions

Tesla CEO Elon Musk tweeted earlier this Sunday that the electric carmaker would resume its Bitcoin transactions once verified crypto mining operations utilise more renewable energy.  “When there’s confirmation of reasonable (~50 percent) clean energy usage by miners with [a] positive future trend, Tesla will resume allowing Bitcoin transactions,” he wrote.  This is inaccurate. Tesla […]

2021-6-15 08:37


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Bitcoin is Now the World’s 9th Largest Valuable Asset Ahead of Tesla

The Bitcoin network is now the ninth most valuable asset globally, overtaking Tesla–the world’s leading electric automotive company, new statistics on Feb 9 reveal. BTC/USD Rise Above $48k, Flips Tesla’s Valuation As of writing, the BTC/USD price was trading above $45k after momentarily surging to over $48k in the early Asian session. The Bitcoin networkRead More

2021-2-9 16:28


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