Elon Musk's Tesla just released its quarterly earnings report,
According to the report, the electric vehicle manufacturer hasn’t sold any of its Bitcoin holdings.
Tesla currently holds $640.86 million in BTC.
The company’s revenue also beat expectations – it registered $25.5 billion during the quarter (LSEG forecasted $24.77 billion).
Earnings per share however were disappointing – the report reveals $0.52 per shares (LSEG forecasted. $0.62)
At the time of writing, Bitcoin is trading at $65,750 after a 3.65% price decline in the past 24 hours and has a trading volume of around $36 billion.
While Tesla continues to lead the U.S. electric vehicle market by a significant margin, it is facing increased competition and losing market share.
This shift is partly attributed to its aging range of sedans and SUVs, as well as the effects of CEO Elon Musk’s controversial and politically charged statements on some of its more progressive customers.
BNY Mellon, the largest custodian bank in the U.S., has reportedly secured an exemption from the SEC’s Accounting Bulletin 121 for its institutional crypto custody operations.
Charles Hoskinson, co-founder of Cardano and Ethereum, has raised concerns about how former President Donald Trump and Vice President Kamala Harris approach cryptocurrency policy.
The U.S. Securities and Exchange Commission (SEC) has authorized BlackRock to offer options trading on spot Bitcoin ETFs, marking a key milestone in expanding crypto investment products.
The Bank of Canada has announced that it is winding down its efforts on retail central bank digital currency (CBDC), as per an update on its website.