- Tesla has BTC worth 41.26 Billion.
- Tesla has not purchased or sold any BTC since Q1.
- Yet, accepting BTC payments is still on hold.
Tesla, the ruler of the electric vehicle market once again buzzes upon the crypto industry with some hot news unrevealed. Tesla on January 26, 2022 officially put out it’s financial statements for the complete year of 2021. Though the statements are yet to be audited, rather astonishing data were interpreted from it.
Accordingly, Tesla’s financial statements of 2021, shows that it has digital assets valued at $1.26 Billion. Owing to the fact that Tesla has only Bitcoin (BTC) under it, this indicates that Tesla has about $1.26 Billion worth of BTC.
Tesla and BTC Bonds
The financial statement of Tesla for the year 2021, clearly shows that Tesla has purchased digital assets, rather BTC upon the first quarter (Q1) of 2021 for a whopping $1.5 Billion. Subsequently, during the same Q1, Tesla sold off a few BTC, then amounting to $1.33 Billion, post sale.
However, it’s well known that Tesla never revealed how much BTC it owns. But, CEO of Tesla, Elon Musk once spilled the beans in an interview, temring that Tesla has about around 42K BTC under the firm’s accounts. SInce Q1, Tesla never sold off any of its BTCs and still till date holds them. This rather contradicts the fact that even though BTC has failed miserably, slumping down to 50%, Elon Musk has quite strong confidence in the digital asset.
Despite the controversy upon accepting BTc as means of payment for Tesla is still on the same hold though. Previously, Tesla announced that it would accept BTC as a means of payment for Tesla in March 2021. Unfortunately, just within less than two months time, Tesla again announced officially that they would not accept BTC, stating it has concerns for the environment.
On the other hand, Elon Musk recently stated that Tesla is now accepting Dogecoin (DOGE) as a means of payment for certain merchandise from Tesla. Currently, BTC is trading for the price of $36,639 which is indeed low obviously. Moreover, the graphs are down with 3.54%, taking into account the past 24 hours.
