Electric vehicle giant Tesla did not sell any of its Bitcoins (BTC) or make any new purchases in the first quarter of 2023.
billionaire investor Elon Musk’s is the CEO Tesla, April 19 on Financial reports for the first quarter of 2023 shared. In its first quarter report, the company announced that it did not sell any of its Bitcoins and did not make any new purchases.
Tesla is currently 9,720 BTChas . The company made its debut in Bitcoin in the first quarter of 2021, $1.9 billion worth approx. 47,400 Bitcoins and invested in the second quarter of 2022 report. $936 million by selling part 64 million dollars announced that he was making a profit. However, any company dogecoin He added to his report that he did not make the sale.
On the other hand, Bitcoin asset value in Tesla’s 2022 fourth quarter report was 184 million dollars and in the first quarter report of 2023, this 184 million reflected as In this process, Bitcoin almost 80% Considering that it has risen, Tesla currently has approximately $290 million worth of Bitcoin.
Due to the current accounting rules, the company cannot legally record profits from such investments, so the million dollar valuation in the report remains constant.
According to CoinGecko data, in the last 24 hours 3.9% depreciating Bitcoin, at the time of writing 28,952 buys in dollars.