Tesla's BTC reserves have not changed and are estimated at $1.26B

by in Cryptocurrency News


Electric car maker Tesla released financial statements last Wednesday. It follows from it that the company's reserves in bitcoin for the second quarter in a row did not change and amounted to $1.26 billion.

Recall that in February last year, Tesla announced its investment in BTC. The giant sent about $1.5 billion into cryptocurrency. Over the past two quarters, Elon Musk's team has not bought or sold BTC.

In its Q3 earnings report, Tesla reported that it had lost $51 million from its investment in BTC.

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The company's CEO Elon Musk last spring announced the dangers of bitcoin mining and banned the acceptance of cryptocurrency.

Later, he did not rule out the resumption of the electric car manufacturer with BTC, but only after the environmental problems associated with crypto mining were resolved.