Tesla Earnings Report Show Firm Holding onto Bitcoin in Q3 2023
Tesla continues to hold on to its BTC holding having last sold about 75% of it in the second quarter of 2022.
Mason Borda, a software engineer at the bitcoin wallets platform has made an order of new Tesla Model 3 electric car through Shakepay, the single use bitcoin credit card service provider.
Tesla continues to hold on to its BTC holding having last sold about 75% of it in the second quarter of 2022.
Musk is right saying that Bitcoin mining is dangerous for our planet. Over the past two years, the rise of Bitcoin has caused CO2 emissions to increase by over 40 million tons, which is equivalent to 8.9 million cars added to the road.
Currently, the market value of Tesla’s stake in Bitcoin is totaling approximately $1.26 billion, assuming the $2.48 billion value that was recorded at the end of last quarter has fallen by 49% as the trading value has done. TSLA stock was in red yesterday.
There is also a speculation that Elon Musk has been involved in the classic pump and dump scheme of Bitcoin.
Mason Borda, a software engineer at the bitcoin wallets platform has made an order of new Tesla Model 3 electric car through Shakepay, the single use bitcoin credit card service provider.