Why Tesla holding $2 billion in Bitcoin is a distraction and sideshow: Analyst - BitcoinEthereumNews.com
BitcoinWhy Tesla holding $2 billion in Bitcoin is ‘a distraction and sideshow’: Analyst02 / 10 / 2022बिटकॉइन एथेरियम समाचार As detailed in a broad SEC filing this week, Tesla gave investors an update on its Bitcoin holdings. Parsing through the disclosure, it boils down to this: Tesla bought around $1.5 billion in bitcoin (BTC-USD) in the early part of 2021; realized a gain of $128 million on a sale of some of its stake earlier in 2021; has now taken a $101 million impairment on the holding as bitcoins value has diminished; and currently Tesla‘s bitcoin stake has a market value of nearly $2 billion, and a ’carrying value of $1.26 billion Recall that back in the early days of 2021 when Tesla revealed its investment in Bitcoin, it also started बिटकॉइन को भुगतान के रूप में स्वीकार करना for new Tesla cars. CEO Elon Musk then backtracked on that initiative only a few days later, claiming that Tesla was “चिंतित” about the energy needs of mining and transacting Bitcoin with fossil fuels. Musk, a noted crypto enthusiast, has espoused his love for other cryptocurrencies like Dogecoin, and Tesla now accepts Dogecoin for certain merchandise on its website. Tesla also added the title of “Master of Coin”