Bitcoin (BTC) has been posting higher lows for the past eight weeks, but during this time, BTC has not been able to flip the $24,000 resistance to support on at least three different opportunities. This is precisely why the $475 million Bitcoin options expiry on Aug.Read more
Elon Musk has been in the limelight recently due to the Twitter deal. There has been a number of back and forth between both parties as the terms of the deal become murky. Amid all of this, billionaire Elon Musk has made some significant moves regarding his Tesla stock.Read more
Bitcoin (BTC) is in short supply at Tesla, even as its CEO predicts that United States inflation has already peaked.
Speaking at Tesla’s 2022 Annual Meeting of Stockholders on Aug. 5, Elon Musk predicted that an upcoming United States recession would only be “mild to moderate.
Elon Musk’s Tesla proved to be the ultimate paper hands after the electric vehicle maker sold 75% of its Bitcoin (BTC) holdings in the second quarter. I say, good riddance. The cult of personality isn’t good for Bitcoin, and neither is a technologist who treats the asset as his plaything.Read more
Tesla’s decision to offload most of its Bitcoin (BTC) treasuries netted the company a hefty profit in the second quarter, even as crypto prices plunged into a bear market.Read more
Tesla, MicroStrategy, and Block’s bet on Bitcoin (BTC) led to a combined loss of $5 billion on the books in the second quarter, Bloomberg News reported on July 22.Read more
One thing’s for sure, Tesla’s CEO knows how to generate headlines. The infamous Elon Musk was the talk of the town today, as news of his company selling 75% of their bitcoin hit the wires. The reactions go from clowning Musk to overanalyzing the situation and everything in between.Read more
Since May 10, as much as 236,237 Bitcoin (worth $5.452 billion) has been sold by “large institutions” — mostly as a result of forced selling.
A Twitter thread from Arcane Research analyst Vetle Lunde details how and when many institutional Bitcoin holders began selling their stacks.
A quant has suggested that the reason behind the recent negative Coinbase Premium could have been due to Tesla’s Bitcoin selling.Read more
It’s true, Tesla already sold almost a billion dollars in BTC and the market took it like a champ. Of course, the price fell below the previous all-time high for the first time in bitcoin’s history, but there are clear reasons for that.Read more
Tesla just revealed it sold 75% of its Bitcoin holdings during the last quarter.
The electric vehicle company stated the Bitcoin sale had provided it with $936 million in cash, but had still negatively affected profitability.
Tesla originally bought $1.
Tesla on July 20 revealed that it sold 75% of its Bitcoin (BTC) holdings in the second quarter of 2022.
According to the electric car maker shareholder’s deck, its Bitcoin trade brought $936 million to its balance sheet.