Without buying any more digital assets, Tesla is still “holding” more than 1 billion USD in digital currency
Since the $1.5 billion investment in Bitcoin in the first quarter of 2021, Tesla has not made any further purchases/sales of the cryptocurrency. In the financial report just released on April 20, the world’s largest electric car company announced that it is holding a digital asset equivalent to $ 1.26 billion, almost unchanged compared to the previous report. report at the end of 2021. Except for the sale of about 10% of the above investments to demonstrate to the shareholders’ meeting the abundant liquidity of the cryptocurrency market.
Thus, Tesla has not bought or sold any digital assets since the beginning of 2021 until now. Any change in value comes from fluctuations in the value of the asset. For example, in the third quarter of 2021, the company reported a loss of $51 million due to “bitcoin-related declines”.
As of March 2022, after the Bitcoin price corrected sharply to $40,000 minus the peak, Tesla’s investment is being considered as breakeven.
Back in the first quarter of 2021, after buying a large amount of Bitcoin, billionaire Elon Musk, Tesla’s CEO announced that he would allow users to buy Tesla electric cars with BTC, but this decision did not last long. long term. By May, this billionaire himself reversed his decision by excluding Bitcoin removed from the list of accepted payment methods at Tesla due to the negative environmental impact of BTC mining. However, Elon Musk confirmed that he will consider bringing Bitcoin back if the rate of green energy application in mining reaches above 50%.
Instead of Bitcoin, Tesla CEO switched to supporting Dogecoin (DOGE). Tesla also accepts payments in DOGE as of January 2022. In addition to DOGE, the 50-year-old billionaire personally also confirmed that he is choosing BTC and ETH as a “shelter” when the inflation situation in the US is at an alarming level.
Cryptocurrency, commonly known as “virtual currency”, has not been recognized by law in Vietnam. The information in the article is for reference only and has no investment recommendation value.
at Blogtuan.info – Source: genk.vn – Read the original article here
