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Forget electric cars: Tesla has earned more than $1 billion for buying bitcoin

Forget electric cars: Tesla has earned more than $1 billion for buying bitcoin



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7 Comments

  1. tldr; Tesla is the only company in the S&P 500 that has bitcoin on its balance sheet. The electric car maker’s bitcoins are now worth nearly $2.5 billion, $1 billion more than in February when they announced the purchase of the cryptoactive. Tesla sold part of the investment to prove the liquidity of bitcoin.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. I wonder if they get taxed on those as an asset and than get boned latter if it goes down or how that all works. It is pretty weird to me that companies just become giant blobs to have money stick to them instead of providing a product and service. Pretty fucken annoying every company wants to be Mom corp and cannot stay in their lane and make what ever they make.

  3. Any update on his accepting Bitcoin for his Teslas?

    He said he’d revisit it when he sees that Bitcoin isn’t being bad for the environment, which he is now proven, so……

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