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.
Oslo-based seabed-mining firm Green Minerals is shifting its treasury reserves from kroner and dollars into bitcoin, calling the move a hedge against inflation and geopolitical risk.
Global crypto funds just logged a tenth straight week of fresh capital, pulling in another $1.24 billion even as prices slid and geopolitics turned tense.
Investor and entrepreneur Anthony Pompliano is rolling his private outfit, ProCap BTC LLC, into blank-check firm Columbus Circle Capital to form ProCap Financial, a new Nasdaq-listed business built around Bitcoin.
The tech-turned-Bitcoin play Strategy (formerly MicroStrategy) has quietly scooped up another batch of BTC, its eleventh consecutive weekly buy, undeterred by the market’s slide below $100,000.