Tesla's Bitcoin Pile Intact Despite Recent Wallet Moves — Elon Musk-Led Company HODLes King Crypto For 5th Straight Quarter
Portfolio Pulse from Aniket Verma
Tesla has maintained its Bitcoin holdings for the fifth consecutive quarter, with $184 million in digital assets reported in its latest earnings. The company holds 11,509 Bitcoins, valued at approximately $773 million at current market prices. Tesla's stock rose 12% in after-hours trading.
October 24, 2024 | 1:33 am
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Tesla has not sold any of its Bitcoin holdings for the fifth consecutive quarter, maintaining $184 million in digital assets. The company's stock rose 12% in after-hours trading.
Tesla's decision to hold onto its Bitcoin holdings for another quarter suggests confidence in the cryptocurrency's value. The positive after-hours stock movement indicates investor approval of Tesla's financial strategy and earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90