Tesla’s Bitcoin losses rise to $170M in first 9 months of 2022
The electric vehicle maker’s actual BTC losses are far lower with $64 million worth of previously realized profits to offset the decline. Go to Source Powered by WPeMatico
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Tesla Still Holding $218M in Bitcoin — Elon Musk Expects Company to Be Worth More Than Apple and Saudi Aramco Combined
Tesla’s third-quarter balance sheet shows that the electric car company is still holding $218 million in bitcoin. CEO Elon Musk claims that Tesla could be worth more than Apple and Saudi Aramco combined. The executive is also “excited” about acquiring Twitter. Tesla Still Holds $218 Million in Bitcoin Tesla Inc. (Nasdaq: TSLA) released its third-quarter … Read more
HODL! Tesla hangs onto all its remaining $218M in Bitcoin in Q3
The vehicle manufacturer’s latest earnings report for the third quarter shows it’s made no changes to its Bitcoin holdings since its huge sell-off in the second quarter. Go to Source Powered by WPeMatico
Close to 60,000 BTC Erased From Bitcoin Treasuries in 9 Months, 4 Entities Hold More Than 100K BTC
During the last two years, a number of public and private companies, exchange-traded products (ETPs), and countries have added bitcoin to their balance sheet. However, during the last nine months of 2022, the number of bitcoin stored in these types of treasuries dropped by 57,481 bitcoin, worth around $1.1 billion using today’s exchange rates. $1.1 … Read more
Global Bitcoin adoption is ‘still in its infancy,’ but here’s how it might accelerate
Rome wasn’t built in a day, and it will also take some time for every country on Earth to adopt BTC. Go to Source Powered by WPeMatico
Musk’s deal for Twitter looks set to go with original $44B price tag
Twitter appears ready to move forward with the deal for Elon Musk to buy Twitter, announcing in an Oct. 4 post they intend to close the transaction at $54.20 per share. Go to Source Powered by WPeMatico
Dogecoin has crashed 75% against Bitcoin since Elon Musk’s SNL appearance
DOGE price has more room to decline despite Elon Musk’s visible efforts to revive its upside boom. Go to Source Powered by WPeMatico
Data challenges the DXY correlation to Bitcoin rallies and corrections ‘thesis’
Analysts and traders strongly adhere to the “Bitcoin is inversely correlated to the strength of the U.S. dollar index” thesis, but a closer look at the data suggests otherwise. Go to Source Powered by WPeMatico
Tesla launches new Cyberwhistle that can only be bought using Dogecoin
“Blow the whistle! But you must pay in Doge,” says Tesla’s CEO Elon Musk. Go to Source Powered by WPeMatico
Elon Musk, Cathie Wood sound ‘deflation’ alarm — is Bitcoin at risk of falling below $14K?
Bitcoin price could resume its downtrend if the Fed keeps on hiking rates against the prospects of a rising unemployment rate. Go to Source Powered by WPeMatico