Tesla's Latest Financial Statement Shows Bitcoin Worth $1.26 Billion
finance

Tesla's Latest Financial Statement Shows Bitcoin Worth $1.26 Billion

THELOGICALINDIAN - Elon Musks electric car aggregation Tesla did not advertise any bitcoin in the fourth division according to the companys latest banking account Tesla is captivation bitcoin account 126 billion The aggregation still has not resumed accepting bitcoin payments but now accepts the meme cryptocurrency dogecoin DOGE for some merchandise

Tesla Did Not Sell Bitcoin in Q4

Tesla appear its Q4 and FY2021 banking statements Wednesday. The company’s unaudited antithesis area shows net agenda assets of $1.26 billion at the end of December aftermost year. This bulk is unchanged from the third quarter.

Tesla’s unaudited account of banknote flows additionally shows that there was no acquirement or auction of agenda assets in the aftermost three quarters. The alone cryptocurrency acquirement Tesla fabricated was bitcoin in the aboriginal division in the bulk of $1.5 billion. The only sale the aggregation fabricated was additionally in the aboriginal quarter.

While Tesla never appear how abundant bitcoin it owns, Musk ahead hinted that it is close to 42K BTC.

The electric car aggregation started accepting bitcoin for payments in March 2021. However, the aggregation apoplectic accepting the crypto in May citation environmental issues.

Musk after said that Tesla will resume accepting BTC back bitcoin miners can affirm apple-pie activity usage. “When there’s acceptance of reasonable (~50%) apple-pie activity acceptance by miners with absolute approaching trend, Tesla will resume acceptance Bitcoin transactions,” he said. However, Tesla still has not resumed accepting bitcoin.

Meanwhile, Tesla is now accepting the meme cryptocurrency dogecoin (DOGE) for some merchandise. Musk, additionally accepted in the crypto association as the Dogefather, has been a longtime adherent of dogecoin. He afresh tried to tempt McDonald’s to acquire DOGE by alms to eat a blessed meal on television if the fast-food alternation accepts the meme coin. However, McDonald’s replied to Musk that it will alone acquire DOGE if Tesla accepts “grimacecoin.”

What do you anticipate about Tesla captivation bitcoin but accepting dogecoin for payments? Let us apperceive in the comments area below.

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