Tesla continues to invest substantially in Bitcoin even though Q1 2025 financial performance proved unsatisfactory. The April 22 earnings report from Tesla shows the company maintains 11,509 Bitcoins worth $951 million as of March 31. However, the value decreased from $1.076 billion at year-end because Bitcoin prices in the market
Elon Musk’s Tesla (TSLA) reported a strong gain of $600 million and took benefit of a new accounting rule that allows firms to showcase the market value of their crypto assets. Tesla recently released its Q4 results, which showcased $600 million in profits via its Bitcoin holdings. As per Bitcoin
Bitcoin has slipped back to the $66K range after starting the week strong and reaching an intraday high of $69,450 on October 21. Currently, the cryptocurrency is attempting to recover, climbing back to $67K after hitting an intraday low of $66,612. Earlier today, Bitcoin tested the $67,700 resistance zone but
Elon Musk’s Tesla has made its first significant Bitcoin move in over two years, transferring around 11,500 BTC valued at approximately $765 million. The transaction, revealed by Arkham Intelligence, occurred on October 16, 2024, in multiple batches. It has stirred considerable interest in the cryptocurrency world. These Bitcoin transfers were
Christopher DeVocht, the investor who turned an $88,000 investment into $415 million through Tesla stock, is now suing his financial advisors after losing his entire fortune. Initially, DeVocht made huge gains by capitalizing on Tesla’s skyrocketing stock price. However, his luck changed when the market dipped, ultimately wiping out his
The cryptocurrency sector confronts several legal complications on a daily basis. While regulatory bodies often stand central to such occurrences, there are instances when individual traders raise issues. One such lawsuit was the 2022 Dogecoin Manipulation case filed against tech billionaire Elon Musk and his company Tesla. According to market
Tesla, the pioneering automotive giant led by Elon Musk, has disclosed that it retained its entire Bitcoin (BTC) reserves valued at $336 million throughout the fourth quarter of 2023, as confirmed in the company’s latest earnings report. The report detailed that Tesla neither bought nor sold Bitcoin during this period.
Despite the electric vehicle (EV) titan reaching eight-month highs and up over 28% in June, the Cathie Wood-led Ark Invest business cut large Tesla stock holdings on Tuesday. The investment management business received $8.6 million in exchange for selling 31,500 of Elon Musk’s Tesla shares. Ark Invest, led by Cathie
Tesla, a leading car manufacturer owned by Elon Musk, has announced the reports for the first quarter of 2023. On April 19, it is noted that Tesla neither buy nor sell any of the bitcoins (BTC) that it holds as of Feb 2023. Moreover, the report says that the total
Tesla still holding onto Bitcoin despite a dramatic reduction in its value since the fourth quarter of 2021. At the start of the year, Tesla (TSLA), invested $1.5 billion to purchase over 43,200 bitcoins for around $30,000 per coin. This move was welcomed by cryptocurrency and bitcoin fans, who saw
