As of March 31, 2021, Telsa held $2.48 billion worth of Bitcoin on its balance sheet as revealed in Tesla’s Ql filing with the SEC.

This was after it sold 10% of its Bitcoin holdings for $272 million.

The company has plans to accept bitcoin as a payment option and would keep any bitcoin earned from any sales, this option is now open in the US and it is a good move, especially for institutional investments.

Author: mBRzeVZxHo

Leave a Reply

Your email address will not be published. Required fields are marked *