Tesla’s Bitcoin Stash Untouched Since Q2/2022
The post Tesla’s Bitcoin Stash Untouched Since Q2/2022 appeared on BitcoinEthereumNews.com. Tesla Inc., the world’s EV manufacturing leader, reported today that none of their $312 million worth of Bitcoin was sold in Quarter 3, 2023. With this new update, Tesla’s Bitcoin stash has remained unchanged for five consecutive quarters. Tesla’s latest sale occurred in Q2/2022 when Elon Musk confirmed that his corporation sold over 30,000 Bitcoin at approximately $936 million. Other sales from SpaceX were revealed by the Wall Street Journal earlier in August. The media firm sourced SpaceX’s financial report, saying that $373 million worth of Bitcoin were sold in 2021 and 2022. However, the estimated amount of Bitcoin that SpaceX owns remained a question. Tesla Still Has BTC In addition to the Bitcoin holding report, Tesla revealed that the company’s earnings were $23.35 billion in Q3/2023, up 9% compared to the prior-year period. Tesla’s earnings growth is particularly impressive given the challenging economic environment, which is still recovering from the pandemic, and supply chain disruptions. Tesla’s report also emphasized the company’s growing investment in AI development. Tesla is also switching the training of its humanoid robot Optimus to AI rather than coded software. The firm already uses AI in a variety of ways, including in its self-driving cars, energy storage products, and manufacturing processes. Despite the market downturn, many entities continue to hold or even increase their Bitcoin holdings. When an asset goes on sale, it can be a great time to stock up! MicroStrategy, for example, reportedly acquired 5,445 more BTC, equivalent to over $150 million, between August and September 2023. As of October 2023, the top Bitcoin institutional holders are Galaxy Digital Holdings, MicroStrategy, Marathon Digital Holdings, Coinbase, and Tesla. On the other hand, some companies have another plan. Image editing software developer Meitu announced Monday that it plans to sell all its crypto holdings, including 31.000…
The post Tesla’s Bitcoin Stash Untouched Since Q2/2022 appeared on BitcoinEthereumNews.com.
Tesla Inc., the world’s EV manufacturing leader, reported today that none of their $312 million worth of Bitcoin was sold in Quarter 3, 2023. With this new update, Tesla’s Bitcoin stash has remained unchanged for five consecutive quarters. Tesla’s latest sale occurred in Q2/2022 when Elon Musk confirmed that his corporation sold over 30,000 Bitcoin at approximately $936 million. Other sales from SpaceX were revealed by the Wall Street Journal earlier in August. The media firm sourced SpaceX’s financial report, saying that $373 million worth of Bitcoin were sold in 2021 and 2022. However, the estimated amount of Bitcoin that SpaceX owns remained a question. Tesla Still Has BTC In addition to the Bitcoin holding report, Tesla revealed that the company’s earnings were $23.35 billion in Q3/2023, up 9% compared to the prior-year period. Tesla’s earnings growth is particularly impressive given the challenging economic environment, which is still recovering from the pandemic, and supply chain disruptions. Tesla’s report also emphasized the company’s growing investment in AI development. Tesla is also switching the training of its humanoid robot Optimus to AI rather than coded software. The firm already uses AI in a variety of ways, including in its self-driving cars, energy storage products, and manufacturing processes. Despite the market downturn, many entities continue to hold or even increase their Bitcoin holdings. When an asset goes on sale, it can be a great time to stock up! MicroStrategy, for example, reportedly acquired 5,445 more BTC, equivalent to over $150 million, between August and September 2023. As of October 2023, the top Bitcoin institutional holders are Galaxy Digital Holdings, MicroStrategy, Marathon Digital Holdings, Coinbase, and Tesla. On the other hand, some companies have another plan. Image editing software developer Meitu announced Monday that it plans to sell all its crypto holdings, including 31.000…
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