Tesla is hodling bitcoin. The company’s balance sheet shows crypto assets worth $1.261 billion. cryptocurrency $BTC
Elon Musk’s electric car company, Tesla, is hodling bitcoin. The company’s balance sheet shows $1.261 billion in digital assets. Tesla has neither purchased nor sold any crypto assets since the first quarter of last year.Tesla released its earnings results for the first quarter of 2022 Wednesday. Elon Musk’s electric car company reported another record quarter of sales and profit exceeding Wall Street estimates despiteThe company’s revenue rose 81% to $18.76 billion from $10.
Tesla’s statement of cash flows still shows that the company’s only purchase of digital assets happened in the first quarter of last year when it bought $1.5 billion worth ofTesla’s Q1 2022 statement of cash flows. Source: Tesla
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