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.
Bitcoin (BTC) has hit a new all-time high today at $123,090 as per data from CoinMarketCap and trading volumes have exploded as a result. Nearly $180 billion worth of Bitcoin has exchanged hands in the past 24 hours. This represents a 284% increase during this period. This volume accounts for 7.5% of BTC’s circulating supply. […]
As Bitcoin surged to another record high above $123,000 on Monday, analysts at Bernstein offered a bullish long-term outlook for the digital asset, forecasting a transformative period ahead for the entire crypto sector.
Grayscale Investments announced today that it has confidentially submitted a draft registration statement on Form S-1 to the U.S.
Bitcoin treasury firm Strategy—formerly known as MicroStrategy—has expanded its already-massive BTC holdings with a fresh $472.5 million acquisition.