Tag: Tesla
Bitcoin Reclaims $1 Trillion Market Cap, Surpassing Corporate Giants
Bitcoin has scaled the ever-important $1 trillion market cap again, a feat last achieved in December 2021. This milestone catapults it ahead of financial giants like Walmart, Tesla, and even Berkshire Hathaway. However, experts caution that market cap might not paint the complete picture when valuing digital assets like Bitcoin.
Tesla Has Had No Bitcoin Activity as Q4 Results Roll In
In a report revealing continued stability with a touch of conservatism, electric vehicle giant Tesla showcased its fourth-quarter 2023 financial results. While headlines focused on the $25.2 billion in revenue and $2.1 billion operating profit, a more understated detail caught the eye of crypto enthusiasts: Tesla held its ground on Bitcoin, neither buying nor selling any throughout the quarter.
Elon Musk Discussed His Crypto Portfolio On X Space
Elon Musk, the billionaire entrepreneur and CEO of Tesla and SpaceX, has recently revealed his crypto portfolio in a Twitter Space. He said that he still holds dogecoin (DOGE), which is his favorite coin in the crypto industry, and that SpaceX holds a large amount of bitcoin. However, Tesla previously liquidated 75% of its bitcoin holdings.
