Elon Musk Taking Profits From Bitcoin With Tesla Is Great News for the Future

Bitcoin as an alternative to holding cash on a balance sheet for the corporate world is a profitable strategy.

May 1, 2021

∙ Paid

The news came out on April 26, 2021. While announcing its Q1 2021 results, Tesla also mentioned that it had sold some of the Bitcoin it had purchased in early 2021.

As a reminder, Tesla had declared on February 8, 2021, that it had purchased $1.5 billion worth of BTC in January 2021 with part of its cash reserve. The company of Elon Mu…

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