Tesla has made a significant and unexpected move in the cryptocurrency world by transferring nearly all of its Bitcoin holdings, valued at approximately $760 million, to several unknown wallets. This action marks the first major […]
SpaceX has reportedly liquidated its entire Bitcoin holdings, accompanied by a $373 million write-down. The sale, first reported by The Wall Street Journal, indicates that SpaceX had previously recorded Bitcoin worth $373 million on its […]
Tesla looks like it may soon bring back the ability to pay for your new car with Bitcoin as references to the cryptocurrency have been discovered in the source code of the website. Tesla first […]
While Elon Musk is known best for his association with electric vehicles, he has other less-known passions, including cryptocurrencies. His biggest company Tesla holds considerable bitcoins that it did not trade in during the last quarter. The […]
Tesla has sold the majority of their Bitcoin holdings, announcing in their Q2 2022 financial report they have converted approximately 75% of their Bitcoin purchases into fiat currency. According to the report, this conversion added […]
Tesla’s Q2 2022 financial results will be impacted by an estimated $440 million impairment on its Bitcoin holdings, a cryptocurrency that the company invested $1.5 billion into in 2021. After reaching an all-time high above […]
Tesla, Block and Blockstream are teaming up to mine Bitcoin off of solar power in Texas. The facility will include a 3.8-megawatt solar array and a 12 megawatt-hour Megapack to power the facility located in […]
Tesla announced last year it was moving into the world of cryptocurrency after purchasing $1.5 billion worth of Bitcoin. Soon after they became the first automaker to accept cryptocurrency as a method of payment for […]
Tesla made headlines almost one year ago to the day when it announced the purchase of $1.5 billion worth of Bitcoin (BTC). While the automaker no longer allows customers to purchase vehicles with the cryptocurrency, […]
Tesla is getting back into the world of cryptocurrency. CEO Elon Musk announced early on Tuesday morning the company will soon begin accepting the meme-inspired Dogecoin as payment for some merchandise in the online shop. […]
