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Author Topic: Tesla allocates 7.7% of gross cash to Bitcoin  (Read 484 times)

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Tesla allocates 7.7% of gross cash to Bitcoin
« 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
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Tesla allocates 7.7% of gross cash to Bitcoin
« on: February 09, 2021, 06:19:21 AM »

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