您的当前位置:首页 > 产品中心 > Tesla sold most of its Bitcoin, but none of its Dogecoin 正文
时间:2024-09-22 00:52:57 来源:网络整理 编辑:产品中心
Tesla's Bitcoin bet hasn't gone all that great. In its earnings report for the second quarter of 202
Tesla's Bitcoin bet hasn't gone all that great.
In its earnings report for the second quarter of 2022, the company revealed it has sold three quarters of its Bitcoin holdings.
"As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency. Conversions in Q2 added $936M of cash to our balance sheet," says Tesla's latest shareholder deck.
Tesla invested roughly $1.5 billion in Bitcoin back in 2021. If selling 75% of that netted $936 million in cash, that means the company lost roughly $189 million on its Bitcoin bet (so far), which isn't even that bad given how low the price of Bitcoin went earlier this year.
Tweet may have been deleted
Shortly after its Bitcoin purchase, Tesla said it would start accepting bitcoins as payment for its cars. That lasted only a couple of months, though CEO Elon Musk did say Tesla would resume Bitcoin purchases when the cryptocurrency gets greener. Notably, Musk said at the time that "Tesla will not be selling any Bitcoin."
During the company's earnings call Wednesday, Musk said Tesla sold the bitcoins to "maximize [its] cash position," which was important to do "given the uncertainty of COVID lockdowns in China." He also said that the company's decision to sell Bitcoin should not be taken as "some verdict" on the cryptocurrency, and that Tesla remains open to buy Bitcoin again in the future.
There's good news for fans of Dogecoin, though, as Musk said on the earnings call that the company hasn't sold any of the DOGE it owns. Tesla started accepting the cryptocurrency for some of its merch in January 2022, and later expanded that to accept DOGE at some Supercharger stations. There's no telling how much Dogecoin Tesla owns, though. According to the shareholder deck, the company still has $218 million in "digital assets," though the bulk of that has to be Bitcoin.
PCB official under probe for conflict of interest2024-09-22 00:20
L'Oreal debuts the Colorsonic and Coloright at CES 20222024-09-22 00:15
Dialogue with North Korea is unrealistic: prime minister2024-09-21 23:45
Impact of Temperature on Intel CPU Performance2024-09-21 23:39
Apple's iPhone 17 will come with a huge RAM upgrade, report claims2024-09-21 23:29
The Best Tech Deals and Discounts for Students2024-09-21 22:30
Ten Hag tells Maguire to win over critics2024-09-21 22:19
190,000 North Korean kids face malnutrition risk as UN cuts food supply2024-09-21 22:18
Campbell highlights Washington Declaration amid security concerns over Putin2024-09-21 22:13
Donald Trump, Lindsey Graham, and narcissistic racism.2024-09-21 22:08
水产品占“四席”!广州南沙十个农产品上榜“国字号”2024-09-22 00:45
做好医保基金监管 守好人民“救命钱”2024-09-21 23:40
Haller diagnosed with testicular tumour2024-09-21 23:32
After ban, new 'Stop the Steal' Groups spread conspiracy theories on Facebook2024-09-21 23:32
中山古镇:到苏炳添家乡看“村BA”,来一场说走就走的美食之旅2024-09-21 23:16
强化绿色意识 以行动促环保2024-09-21 23:03
多措并举 保障冬季行车安全2024-09-21 22:38
搭建交流平台 共促教育发展2024-09-21 22:32
What to expect when a tech bubble bursts2024-09-21 22:08
5 important details you may have missed from Apple's November event2024-09-21 22:06