Category: Tesla

Tesla Hodls Bitcoin in Q3, Elon Musk Tweets BTC at $69K Meme

Tesla Hodls Bitcoin in Q3, Elon Musk Tweets BTC at $69K Meme

Tesla is currently holding bitcoin worth $1.26 billion on its balance sheet, the company’s third-quarter earnings report shows. The electric car company reported a bitcoin-related impairment of $51 million in the quarter. Meanwhile, CEO Elon Musk tweeted a meme showing the price of bitcoin at $69K and ether at $4.2K. Tesla Continues to Hold Bitcoin […]

Continue Reading

TIME’s 100 Most Influential People: Here Are Crypto Leaders That Made the List

TIME Magazine has published the list of the 100 Most Influential People of 2021 and some of the listed personalities have had a major influence on the digital currency ecosystem in the past year. The featured personalities include Vitalik Buterin, Ethereum’s co-founder, Elon Musk, the Chief Executive Officer of electric Automaker, Tesla Inc, and President […]

Continue Reading

Bitcoin Attains its 700,000th Block: Milestones, Criticisms and Future Prospects

The Bitcoin Blockchain has produced its 700,000th block, after more than 12 years in existence.  Happy 700000th block, #bitcoin! https://t.co/24mpVKXK8e — Pieter Wuille (@pwuille) September 11, 2021 According to data from Blockchain.com, the historic block height was recorded by an unknown miner, atop about 1,276 transactions within the block. The milestone is a function of […]

Continue Reading

Are Bitcoin Whales Dumping? On-Chain Data Reveals Addresses with Over 100 Coins Are on the Decline

The number of Bitcoin (BTC) whales might be on the decline as revealed by on-chain data provided by Glassnode analytics. In an unusual reality, the number of addresses holding at least 100 units of Bitcoin, which in today’s valuation will be worth approximately $5 million, has hit a 1 year low of 15,958.  The digital […]

Continue Reading

Not Just MicroStrategy, These Corporations Hodl: Top 10 Stocks With Exposure to Bitcoin

Microstrategy just bagged $177M more BTC between July 1st and August 23rd. That brings Michael Saylor’s company’s total hodlings to $5.3 billion USD worth of bitcoin. Other big corporate buyers include Tesla, Square, and Galaxy Digital Holdings. The business intelligence company can’t get enough bitcoin. And it’s not the only extremely relevant and proactive company […]

Continue Reading

Tesla Reports $23 Million Impairment From Its Bitcoin Holdings

Tesla, Elon Musk’s electric car manufacturer, released its quarterly earnings results, reporting more than $1 billion in profits for the first time since its launch. It’s not all fun and games, though. To the delight of Elon’s crypto Twitter fans-turned-haters, Tesla’s investment in Bitcoin made it $23 million in losses after the markets crashed during […]

Continue Reading

Tesla Reveals Bitcoin Holdings Worth $1.3 Billion in Q2, $23 Million BTC Impairment

Tesla Reveals Bitcoin Holdings Worth $1.3 Billion in Q2, $23 Million BTC Impairment

Elon Musk’s electric car company, Tesla, is holding bitcoin worth $1.311 billion. The company did not buy or sell any bitcoin during the second quarter but recorded bitcoin-related impairment of $23 million. Tesla’s action reaffirms Musk’s prior statement that neither he nor Tesla had sold their coins. Tesla’s Q2 Bitcoin Holdings Elon Musk’s Tesla released […]

Continue Reading

Why Tesla FUD Won’t Matter Anymore for Bitcoin ?

Bitcoin price shot up 12% in an hour earlier today to record a new monthly high of $39,230 and currently looking to break out of the two-month-long price zone. The top cryptocurrency has been moving between the $30K-$40K price range since the market crash in May. BTC also broke past key resistance of $38,300 and […]

Continue Reading

Tesla Q2-2021 Earnings Call to Shed Light on Its Bitcoin Holdings

Tesla Q2-2021 Earnings Call to Shed Light on Its Bitcoin Holdings

The upcoming Tesla Q2-2021 earnings call, which will be announced this Monday after market hours, will at last shed some light on what has happened with the company’s bitcoin holdings. The company held more than 1.5 billion dollars in bitcoin on Q1 and has reported only one sale to “test the market’s liquidity” according to […]

Continue Reading