Tesla Announces Major Bitcoin Profit

Tesla has sold portions of the bitcoin it held on its balance sheet, according to its latest quarterly earnings report. The auto-tech giant reportedly took in profits of $272 million from the sale of its digital assets, accounting for just a small percentage of its total BTC holdings, given its initial purchase of $1.5 billion. While the move to sell its bitcoin at a profit is assuredly what many mainstream investors have been expecting, the small portion that was sold suggests that the company believes retaining most of its bitcoin…

Read More