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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: sirty143 on July 28, 2022, 04:30:51 AM

Title: Tesla Reveals Bitcoin Holdings Worth $222 Million in Latest SEC Filing
Post by: sirty143 on July 28, 2022, 04:30:51 AM

Tesla Reveals Bitcoin Holdings Worth $222 Million in Latest SEC Filing

(https://i.imgur.com/Auc0h0vm.jpg)

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 (https://news.bitcoin.com/tesla-reveals-bitcoin-holdings-worth-222-million-in-latest-sec-filing/).

Your opinion is greatly appreciated.

Title: Re: Tesla Reveals Bitcoin Holdings Worth $222 Million in Latest SEC Filing
Post by: Senin 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.