Is Elon Musk Selling 10% Of Telsa's Bitcoin A Sign? : Market Wrap: Bitcoin Bumps to $38.6K While DeFi Exchanges ... / But bitcoin can be wildly volatile, and that $1.5 billion investment could have easily been cut in half.. Netted $101 million in income from selling about 10% of its own bitcoin. A lump sum in profit for the electric vehicle company. Elon musk's crypto tweets continued to cause carnage for bitcoin's price over the weekend. Tesla made a splash when it announced that it had bought $1.5 billion worth of bitcoin in february — and it's already profited more than $100 million from the investment. Elon musk conveniently ignored bitcoin's inconvenient truth.
(cnn business)the price of bitcoin has nosedived after tesla ceo elon musk said his company was suspending plans to accept the cryptocurrency as payment for electric vehicles. Tesla sold some of its bitcoin stash in the first quarter for $272 million in proceeds. Musk's announcement sent the price of bitcoin down by about 10%, while the entire cryptocurrency market lost $365.85 billion in value, according to cnbc. The world's biggest cryptocurrency fell to lows of $42,284.57 — levels not seen since early february. According to tesla ceo elon musk, the company sold 10% of its holdings essentially to prove liquidity of bitcoin as an alternative to holding cash on balance sheet. no, you do not.
Elon Musk-Prompted Bitcoin Price Surge Causes Liquidation ... from cryptoinfonet.com The key word is almost. I have not sold any of my bitcoin. According to the tweet, musk has not sold any of his bitcoin yet. — elon musk (@elonmusk) april 26, 2021 Musk took some blowback from investors for betting tesla's cash hoard on bitcoin. The company notes that it made a profit of $101 million from the investment from selling roughly 10% of its holdings. Bitcoin has since gone up massively, partly due to tesla's entry. Probe into binance, one of the world's biggest crytocurrency exchanges.
Tesla sold some of its bitcoin stash in the first quarter for $272 million in proceeds.
The jury is still out as to whether that was a prudent move. — elon musk (@elonmusk) february 19, 2021. A lump sum in profit for the electric vehicle company. The company notes that it made a profit of $101 million from the investment from selling roughly 10% of its holdings. Elon musk's crypto tweets continued to cause carnage for bitcoin's price over the weekend. Tesla sold some of its bitcoin stash in the first quarter for $272 million in proceeds. I have not sold any of my bitcoin. Bitcoin's value against the dollar fell more than 5% after mr. Elon musk conveniently ignored bitcoin's inconvenient truth. While bitcoin fell below $50,000 for the first time since april 24, the cryptocurrency is still up over 400% in the past 12 months. Brown/getty images elon musk said tesla sold 10% of its bitcoin holdings to show it's a good alternative to cash. Bitcoin is almost as bs as fiat money. Tesla sent shockwaves throughout the financial world when it initially announced in february that it had purchased $1.5 billion in btc.
Is tesla buying bitcoin a sign the currency is becoming mainstream this is money from i.dailymail.co.uk owing to the $101 million gain it reported from selling 10% of its. His personal bitcoin stash is unchanged. Bitcoin has since gone up massively, partly due to tesla's entry. Brown/getty images elon musk said tesla sold 10% of its bitcoin holdings to show it's a good alternative to cash. Reflecting on his personal stance, musk noted he is an engineer and not an.
IBD Videos | Investor's Business Daily from www.investors.com Tesla sold some of its bitcoin stash in the first quarter for $272 million in proceeds. The billionaire added that he hadn't sold any of his personal bitcoin holdings. Sunday's slump came after @cryptowhale wrote this on twitter: Tesla booked a $101 million profit selling 10% of its holdings. Tesla made a splash when it announced that it had bought $1.5 billion worth of bitcoin in february — and it's already profited more than $100 million from the investment. Musk's announcement sent the price of bitcoin down by about 10%, while the entire cryptocurrency market lost $365.85 billion in value, according to cnbc. Bitcoin's value against the dollar fell more than 5% after mr. While bitcoin fell below $50,000 for the first time since april 24, the cryptocurrency is still up over 400% in the past 12 months.
Bitcoin is almost as bs as fiat money.
Recall that tesla revealed its q1 earnings report on the 26th of april. Tesla sold some of its bitcoin stash in the first quarter for $272 million in proceeds. I have not sold any of my bitcoin. Tesla earlier this year began to accept the cryptocurrency as payment for products sold in the u.s. Tesla sold 10% of its holdings essentially to prove liquidity of bitcoin as an alternative to holding cash on the balance sheet. Bitcoin is almost as bs as fiat money. Musk took some blowback from investors for betting tesla's cash hoard on bitcoin. In reality, musk is simply using bitcoin to promote tesla. Bitcoin's value against the dollar fell more than 5% after mr. The result of this sale? Tesla made a splash when it announced that it had bought $1.5 billion worth of bitcoin in february — and it's already profited more than $100 million from the investment. I have not sold any of my bitcoin. Is elon musk selling 10% of telsa's bitcoin a sign?
In the report, which expectedly created a commotion on bitcoin twitter, musk reveals that tesla sold 10% of its bitcoin holdings. I have not sold any of my bitcoin. Elon musk says tesla's sale of its 10% bitcoin holdings was to prove the liquidity benefits of bitcoin,. Elon musk said tesla sold 10% of its bitcoin holdings to show that it's a good alternative to cash. Probe into binance, one of the world's biggest crytocurrency exchanges.
What's all the fuss about NFTs? Here's everything you need ... from si.wsj.net Tesla sold some of its bitcoin stash in the first quarter for $272 million in proceeds. Elon musk said tesla sold 10% of its bitcoin holdings to show that it's a good alternative to cash. In the report, which expectedly created a commotion on bitcoin twitter, musk reveals that tesla sold 10% of its bitcoin holdings. Elon musk conveniently ignored bitcoin's inconvenient truth. Reflecting on his personal stance, musk noted he is an engineer and not an. Brown/getty images elon musk said tesla sold 10% of its bitcoin holdings to show it's a good alternative to cash. His personal bitcoin stash is unchanged. The company notes that it made a profit of $101 million from the investment from selling roughly 10% of its holdings.
The billionaire added that he hadn't sold any of his personal bitcoin holdings.
Elon musk says tesla's sale of its 10% bitcoin holdings was to prove the liquidity benefits of bitcoin,. According to the tweet, musk has not sold any of his bitcoin yet. Elon musk says tesla's sale of its 10% bitcoin holdings was to prove the liquidity benefits of bitcoin,. While bitcoin fell below $50,000 for the first time since april 24, the cryptocurrency is still up over 400% in the past 12 months. The result of this sale? Bitcoin is almost as bs as fiat money. Is elon musk selling 10% of telsa's bitcoin a sign? Forbes reported that musk's move is a curious one since tesla's recent $1.5 billion bitcoin investment triggered a surge in the currency's value. Reflecting on his personal stance, musk noted he is an engineer and not an. Bitcoin has since gone up massively, partly due to tesla's entry. Bitcoin sank over 10% on monday, briefly dipping below the $50,000 level. Probe into binance, one of the world's biggest crytocurrency exchanges. The world's biggest cryptocurrency fell to lows of $42,284.57 — levels not seen since early february.
