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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Coin63@ on February 09, 2021, 06:19:21 AM

Title: Tesla allocates 7.7% of gross cash to Bitcoin
Post by: Coin63@ on February 09, 2021, 06:19:21 AM

Tesla (TSLA) sent shockwaves across the financial markets Monday after a United States Securities and Exchange Commission filing confirmed that the electric vehicle maker has added Bitcoin (BTC) to its balance sheet.

Tesla’s latest Form 10-K filing for the fiscal year ended Dec. 31, 2020 shows a $1.5 billion allocation to Bitcoin. As Bitwise researcher David Lawant points out, Tesla’s BItcoin exposure represents roughly 7.7% of its gross cash . more (https://cointelegraph.com/news/tesla-allocates-7-7-of-gross-cash-to-bitcoin?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)