
Tesla’s Bitcoin Stash Value Hits $1 Billion in Q4 2024, Will It Add More BTC?
Tesla reported a substantial increase in the value of its Bitcoin holdings, surpassing $1 billion in Q4, reflecting a $600 million gain.
Tesla reported a substantial increase in the value of its Bitcoin holdings, surpassing $1 billion in Q4, reflecting a $600 million gain.
Presently, Tesla is believed to hold around 11,509 BTC, spread across 68 wallet addresses.
INX Digital Company, in partnership with Backed, has announced the listing of additional tokenized stocks, including Microsoft, Tesla, Gamestop, and Google.
Robinhood may have taken this decision to halt trading to avoid an anxiety surge amongst traders and to mitigate the volume of losses that they incur.
Neither X nor Elon Musk has made official comments regarding the removal of the Bitcoin emoji. However, it is speculated that the move signifies Musk’s discontinuation of support for the leading crypto asset.
The daunting side of the question posed by Elon Musk rests on the fact that Tesla had just reported its lowest profit margin in five years.
Recent changes to ARK’s investment portfolio demonstrate the company’s dedication to spotting and seizing new market trends.
Despite the recent surge, Dogecoin still trades significantly lower than its all-time high of $0.737, which was reached in May 2021.
Musk’s prediction comes amidst an ongoing debate regarding the potential risks and benefits of AI development.
OpenAI has fired back at Elon Musk, claiming that the Tesla CEO always knew that OpenAI planned to pursue profits.
Tesla’s involvement with Bitcoin began in February 2021 when the company announced a $1.5 billion investment in the popular digital asset.
Meanwhile, Oxfam revealed that across 52 countries, the average real wages of nearly 800 million workers have fallen, resulting in a combined loss of $1.5 trillion over the last two years.
In addition to using BTC on X, Musk hinted at the possibility of using BTC as currency on Mars.
Marathon Digital’s spectacular performance aligns with the broader boom in the Bitcoin mining sector.
China remains a pivotal market for electric vehicles, with BYD’s sales accounting for a sizable portion. Tesla, despite its global presence, relies on China for around one-fifth of its sales in the quarter ending September 30th.