The most widely read newspaper in Nigeria
Tesla has bitcoin holding worth $1.31bn. The company did not buy or sell any bitcoin during the second quarter of the year.
This was according to Tesla’s second-quarter earnings report. According to the report, the company recorded bitcoin-related impairment of $23m. The report showed that Tesla did not buy or sell any bitcoin in the second quarter. The company’s Q2 unaudited statement of cash flows showed that the only cryptocurrency purchase made was the $1.5bn BTC purchase in Q1.
According to Bitcoin.com, earlier in June, Tesla Chief Executive Officer, Elon Musk, had said in a tweet on June 13: “Tesla only sold 10 per cent of holdings to confirm BTC could be liquidated easily without moving the market.” Tesla’s financial statements confirmed Musk’s previous statements that Tesla would not sell its bitcoins. Musk had said on several occasions that neither he nor Tesla had sold any BTC.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin soars close to $40,000 as Tesla expresses fresh support - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »
CCTV exposes girl setting fire to Ebeano supermarket in Abuja - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »
81 countries set for central banks’ digital currencies - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »
Why governments love (and loathe) twitter - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »
BREAKING: Benin Republic files fresh charges against Sunday Igboho - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »
CLO raises the alarm over rising criminal activities in Akwa Ibom - Punch NewspapersThe most widely read newspaper in Nigeria
Read more »