Elon Musk's Tesla held onto its Bitcoin in Q4 despite market turbulence

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Tesla has diamond handed its remaining Bitcoin bag for the second quarter in a row.

In its latest Q4 results report on Jan. 25, Tesla’s financials show it neither bought or sold any of its Bitcoin for the second quarter in a row. This was despite hefty market turmoil in November and December on the collapse of FTX.

The documents show the company holds $184 million in digital assets as of Dec. 31, 2022, down from its $218 million in holdings from the quarter prior due to $34 million of impairment charges as Bitcoin’s price declined between the end of September and December last year.The EV manufacturer also held onto its Bitcoin

 

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Paper hands...

Do you consider the fact that they did not sell $BTC, which they have in the red, as bullish news?

Same do I hold BTC since last year on my Ownr wallet

Ohhhh

Tesla's Q4 profits of $5.7 billion, how much of that can be attributed to their Bitcoin holdings? 🤔 Let's do the math! Tesla cryptoinvestment

What does it mean for the crypto market that a big player like Tesla is holding onto their Bitcoin? 🤔 Join the conversation! Tesla cryptoinvestment

Is Tesla's decision to hold onto their Bitcoin a smart move or a risky one? 🤔 Let's discuss the pros and cons. Tesla cryptoinvestment

Tesla's $34 million loss on their Bitcoin investment in Q4, is it just a small price to pay for holding onto a long-term asset? 🤔 Share your thoughts! Tesla cryptomarket

diamond handed we're so deep in it we're inventing verbs

What about his part of Dogecoin

For now

What does this mean to the entire market?

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