{"id":63839,"date":"2022-04-22T09:01:34","date_gmt":"2022-04-22T09:01:34","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=63839"},"modified":"2022-04-22T09:01:34","modified_gmt":"2022-04-22T09:01:34","slug":"tesla-hodls-bitcoin-balance-sheet-shows-1-26b-in-digital-assets","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=63839","title":{"rendered":"Tesla Hodls Bitcoin: Balance Sheet Shows $1.26B in Digital Assets"},"content":{"rendered":"

\"Tesla<\/p>\n

Elon Musk\u2019s electric car company, Tesla, is hodling bitcoin. The company\u2019s balance sheet shows $1.261 billion in digital assets. Tesla has neither purchased nor sold any crypto assets since the first quarter of last year.
<\/strong><\/p>\n

Tesla Continues to Hodl Bitcoin<\/h2>\n

Tesla released its earnings results for the first quarter of 2022 Wednesday. Elon Musk\u2019s electric car company reported another record quarter of sales and profit exceeding Wall Street estimates despite inflation pressure<\/a>.<\/p>\n

The company\u2019s revenue rose 81% to $18.76 billion from $10.39 billion a year ago. Its earnings jumped 658% from $438 million in the previous year to $3.32 billion in the first quarter of this year. \u201cI\u2019ve never been more optimistic and excited in terms of the future than I am right now,\u201d Musk said during Wednesday\u2019s earnings call.<\/p>\n

Amid record profit, Tesla\u2019s balance sheet shows net digital assets of $1.261 billion.<\/p>\n

Tesla\u2019s statement of cash flows still shows that the company\u2019s only purchase of digital assets happened in the first quarter of last year when it bought $1.5 billion worth of BTC<\/a>. The only sale of digital assets also happened in the same quarter.<\/p>\n

In January, Tesla began accepting the meme cryptocurrency dogecoin<\/a> for some merchandise. However, the company has yet to bring back<\/a> bitcoin as a payment option.<\/p>\n

Musk has said that he sees bitcoin as a store of value whereas dogecoin is better suited for transactions. He previously revealed that he personally owns bitcoin (BTC<\/a>), ether (ETH<\/a>), and dogecoin (DOGE) \u2014 and will not sell them.<\/p>\n

The Tesla boss has recently made an offer<\/a> to buy Twitter Inc. with the aim to make \u201csignificant improvements<\/a>\u201d to the platform. The offer followed him taking a 9.2% stake<\/a> in the social media giant. Musk has reportedly secured $46.5 billion to buy Twitter.<\/p>\n

What do you think about Tesla hodling bitcoin? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Elon Musk\u2019s electric car company, Tesla, is hodling bitcoin. The company\u2019s balance sheet shows $1.261 billion in digital assets. Tesla has neither purchased nor sold any crypto assets since the first quarter of last year. Tesla Continues to Hodl Bitcoin Tesla released its earnings results for the first quarter of 2022 Wednesday. Elon Musk\u2019s electric […]<\/p>\n","protected":false},"author":2,"featured_media":63840,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-63839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/63839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63839"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/63839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/63840"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}