Crypto Biz: Elon Musk: The ultimate crypto tourist
Tesla's foray into Bitcoin may have been one big distraction for the electric vehicle maker, which reported mixed financial results earlier this month.
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Tesla Reveals Bitcoin Holdings Worth $222 Million in Latest SEC Filing
Tesla has revealed that it is still holding bitcoin worth $222 million in market value after selling 75% of its crypto holdings. The company recorded realized gains of $64 million…
Tesla reports $64M profit from Bitcoin sale
Elon Musk’s electric vehicle company sold 75% of its BTC in the second quarter. The company’s overall profitability was impacted by inflation and the competition for battery cells.
236K BTC Sold by Large Institutions Since Terra’s Implosion in May
In a recent Twitter thread, Arcane Research analyst Vetle Lunde revealed how many Bitcoin institutional investors had sold since Terra’s carnage kicked in, thus tanking the whole crypto market. In…
Elon Musk Selling or Buying Bitcoin Doesn’t Mean Much, Says Binance CEO
Binance CEO CZ Zhao does not think anyone selling or buying Bitcoin can fundamentally impact the asset – even including Tesla CEO Elon Musk. To demonstrate his faith in the…
Biggest Movers: DOGE Drops Towards $0.05900 Support Level Despite Elon Musk Comments
Dogecoin was down for a third straight session, despite Elon Musk stating earlier this week that Tesla was still holding the token. Polygon was also down, falling by almost 10%…
Elon Musk Criticizes Remote Work as Workers Are Increasingly Worried About Surveillance in Metaverse Environments
Elon Musk, CEO of Tesla and Spacex, said that remote work was no longer acceptable for Tesla workers in May. According to Qatalog and GitLab, remote workers spend extra time…
Twitter Blames Elon Musk Buyout “Uncertainty” for Missed Q2 Earnings Numbers
Twitter announced its Q2 2022 financial results on Friday, revealing lower-than-expected numbers for revenue, earnings, and user growth. When naming reasons for the slowdown, the company placed partial blame on…
Elon Musk Reveals the Reason Why Tesla Sold 75% of Its Bitcoin
The electric vehicle giant Tesla sold $936 million of its bitcoin holdings in Q2 this year. However, the move was prompted not because the company does not believe in the…
BTC price battles 200-week moving average after $930M Tesla Bitcoin sale
A key trendline which the Bitcoin price passed for the first time in over a month is currently seeing its first retest as support.
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