Tesla (TSLA) announced today that it sold most of its Bitcoin, about 75%, during the last quarter. The automaker didn’t elaborate on the reason.Expand Expanding Close
Tesla (TSLA) has lost over $500 million in value from its Bitcoin investment amid what people are now calling a “crypto winter.”Expand Expanding Close
Tesla is going to build a solar and Megapack farm for energy storage that is going to power a new Bitcoin mining facility in partnership with both Blockstream and Jack Dorsey’s Blocks (formerly Square).Expand Expanding Close
Tesla (TSLA) gave an update on its Bitcoin holding in a new SEC filing – confirming that it now holds $1.99 billion in the cryptocurrency.Expand Expanding Close
It was only a matter of time before two of the largest growing fields in the last few years, micromobility and cryptocurrency, combined their influences. Major micromobility retailer Voro Motors has just announced that it is now accepting Bitcoin (BTC) and Ethereum (ETH) as a payment method.Expand Expanding Close
Tesla has removed its Bitcoin payment option for the online configurator for its electric vehicles overnight.
It’s not clear if it’s a permanent or temporary move.
Update: Elon Musk confirmed the change was due to concerns over the use of fossil fuel in mining bitcoins.Expand Expanding Close
Tesla today announced that it had purchased $1.5B in bitcoin, pushing the cryptocurrency to an all-time high, currently approaching $44,000. The company announced the move in an SEC filing today and says it plans to accept the currency as payment for its products and services.Expand Expanding Close