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Author Topic: Tesla Reveals Bitcoin Holdings Worth $222 Million in Latest SEC Filing  (Read 421 times)

Offline sirty143

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Tesla Reveals Bitcoin Holdings Worth $222 Million in Latest SEC Filing
« on: July 28, 2022, 04:30:51 AM »
Tesla Reveals Bitcoin Holdings Worth $222 Million in Latest SEC Filing


Tesla has revealed that it is still holding bitcoin worth $222 million in market value after selling 75% of its crypto holdings. The company recorded realized gains of $64 million on its recent bitcoin conversion into fiat currency. See more for yourself here.

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Tesla Reveals Bitcoin Holdings Worth $222 Million in Latest SEC Filing
« on: July 28, 2022, 04:30:51 AM »

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Offline Senin

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Re: Tesla Reveals Bitcoin Holdings Worth $222 Million in Latest SEC Filing
« Reply #1 on: August 15, 2022, 09:09:55 AM »
With the current deep fall in the price of bitcoins, as well as the entire cryptocurrency market, which continues throughout the current year, I am not sure that Tesla's sale of 75 percent of its bitcoins was a good decision. Bitcoin is now showing its growth again and may soon approach the selling price of these bitcoins at $29,000. But nevertheless, Tesla still makes a good profit from buying and selling bitcoins. Moreover, Elon Musk does not rule out investing in bitcoin again in the future.
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