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DOMAINS TOKEN-G

Ronald Maguire

21 April 2022 244 Read Crypto , Bitcoin

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Tesla Has $1.26 Billion in Bitcoin Reserves

World electric car manufacturer giant Tesla has published its financial statements. Looking at the charts, it is seen that the company has the same level of BTC reserves for two consecutive quarters. Tesla has $1.26 billion worth of Bitcoin.

Tesla's BTC Investment

In February 2021, Tesla made a large BTC investment. Tesla company, which bought about 1.5 billion dollars worth of BTC, announced in the third quarter earnings report of last year that it lost 51 million dollars from its BTC investment. One major reason for this was that the company's CEO, Elon Musk, banned cryptocurrency payments for Tesla cars last spring, citing the dangers of Bitcoin mining.

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