Elon Musk's Tesla Will Buy 3 Billion USSD Bitcoin: Reality Check

robot
Abstract generation in progress

Tesla, Inc., the electric vehicle giant, is reportedly planning to add Bitcoin (BTC) to its balance sheet. According to recent discussions on social media, the company backed by Elon Musk will soon purchase an additional 3 billion dollars in BTC. The company has HODLed more than 1.2 billion dollars in Bitcoin. Will Tesla buy more Bitcoin? According to data from Arkham Intelligence, a blockchain data monitoring platform, Tesla currently holds 11,509, worth $1.24 billion. The company remains optimistic about the price of BTC as they have held their stake since a few quarters ago. Although BTC has reached its latest all-time high, this technology company has not sold any shares to realize profits. Therefore, their plan to buy more Bitcoin could be a move to further strengthen their bullish outlook on BTC. However, so far, there has been no official confirmation from Tesla.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 1
  • Share
Comment
0/400
QuangDuynb83vip
· 05-29 15:34
1000x Vibes 🤑
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)