Tesla’s $312M Bitcoin hoard remains untouched in Q3 2023
In a surprising turn, Tesla Inc. has confirmed it didn’t divest any of its $312 million Bitcoin (BTC) holdings in the third quarter of 2023. Tesla announced, the electric vehicle giant neither sold nor purchased any Bitcoin in Q3, according to its quarterly update. This is another quarter with no Bitcoin sales for Tesla, wherein […]
Bitcoin’s evolving purchasing power over the years — from buying Pizzas to Teslas
At its peak price in November 2021, 1 Bitcoin (BTC) could have been used to purchase a 2021 Tesla Model Y, valued at $62,190. This highlights the significant increase in Bitcoin’s purchasing power over the years. Back in 2014, 1 BTC was only worth $465, making it impossible to buy even a regular car at […]
Elon Musk-owned SpaceX reportedly sold $373 million of its Bitcoin Holdings
According to a report from the Wall Street Journal, SpaceX, the space exploration company led by Elon Musk, wrote down the value of its bitcoin holdings by $373 million in 2020 and 2021. The report suggests that the company has also sold some of its bitcoin, although the exact amount and timing were not disclosed. […]
MicroStrategy outshines Tesla — we aren’t saying this, the data is
MicroStrategy, led by founder Michael Saylor, has emerged as the leader among public companies holding Bitcoin, according to crypto analyst William Clemente’s comparisons. Explained: Since August 2020, MicroStrategy has been actively accumulating Bitcoin as a long-term strategy, purchasing large amounts and even issuing extra bonds to fund the purchases. Currently, the company holds 152,800 Bitcoins, […]