Tesla Holding Bitcoin Worth $2 Billion — Sees Crypto as Both Investment and Liquid Alternative to Cash
Elon Musk’s electric car company, Tesla, has filed an annual report with the U.S. Securities and Exchange Commission showing bitcoin holdings with a fair value of almost $2 billion at the end of December. The company sees crypto as both an investment and liquid alternative to cash.Tesla filed an annual report with the U.S. Securities and Exchange Commission Friday.
“We continue adapting our investment strategy to meet our liquidity and risk objectives, such as investing in U.S. government and other marketable securities, digital assets and providing product-related financing,” the company wrote, adding:The report explains that Tesla bought $1.5 billion worth of bitcoin in early 2021 and later accepted the cryptocurrency as a form of payment for certain products in some regions.
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Tesla holds btc, accepts doge. What's next? Accepting usdt and adding eth to its portfolio?
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It's always good when there are alternatives
No wounder they invested usdt in bitcoin.
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This tesla is clever. They have invested in future money. I also hold some bitcoin in my wallet.
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