Did Tesla sell its Bitcoin (BTC) holdings?
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
Fast forward to the second quarter of 2023, Tesla disclosed that it had neither bought nor sold Bitcoin, maintaining a consistent digital asset balance of $184 million.Importantly, the price of Bitcoin fell from about $30,600 to $28,500 during this time. Current accounting rules do not allow Tesla to recognize a profit as long as the assets remain unsold. However, in the event of a sharp drop in Bitcoin prices, accounting rules would allow the valuation of these assets to be reduced.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.XRP Faces First Death Cross in 2023: Here's How Price Can React
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Spot Bitcoin ETFs and Ordinals Don’t Matter: Jimmy Song Talks Bitcoin (BTC Amsterdam Interview)Crypto Blog
Les mer »
BTC price models hint at $130K target after 2024 Bitcoin halvingThe latest readings from several BTC price models demand Bitcoin hit $130,000 by late 2025 after its next halving.
Les mer »
BTC price holds 6% gains as Bitcoin battles for ‘crucial’ $28K supportHow Bitcoin treats $28,000 — a “critical” BTC price point — is key, says a new analysis.
Les mer »
Bitcoin’s Dominance Keeps Rising Despite BTC’s Failed Attempt at $29K (Market Watch)Crypto Blog
Les mer »
Realistic Bitcoin Price Prediction for the Next BTC Bull RunCrypto Blog
Les mer »
Bitcoin (BTC) Sees This Unusual Happening as Price Nears $29KBitcoin momentarily surged to $30,000 on October 16
Les mer »