As electric vehicle giant Tesla prepares to announce its second quarter earnings report of 2023 at midnight tonight, attention turned to the company’s Bitcoin (BTC) assets.
Tesla released its second quarter earnings report at TSI. On July 19, 23.05 will explain. The eyes of the cryptocurrency market will be on Tesla’s Bitcoin balance. A statement by Tesla about buying or selling Bitcoin has the potential to create strong volatility in the market.
The company made its debut in Bitcoin in the first quarter of 2021, $1.9 billion worth approx. 47,400 Bitcoins had invested. Tesla later reported that Bitcoins in his hand in the second quarter of 2022 report. to 75% corresponding $936 million by selling part $64 million earnings announced that it provided However, any company Dogecoin (DOGE) He also added to his report that he did not make the sale.
CEO Elon Musk, in his statement at that time, gave the reason for the Bitcoin sale. Situations in China had shown. Musk, especially Twitter After the purchase, he reduced his rhetoric about Bitcoin.
Tesla’s Bitcoin Balance
Tesla, in the first quarter of 2023, the Bitcoins in his hands didn’t sell any or don’t buy new had explained. The company, which had a stable attitude in the last quarter, announced the last Bitcoin sale. 29 thousand dollars had done in the band and since then 11,950 BTC continues to hold.
In general, Tesla is not expected to change its Bitcoin holdings in the second quarter of 2023.
According to CoinGecko data, at the time of writing, Bitcoin, at $29,800 is being traded.