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Popular billionaire and Dogecoin enthusiast Elon Musk’s $Tesla (TSLA.US)$ is facing almost $600M loss in its $Bitcoin (BTC.CC)$ investment amid the current terrifying crypto winter.
Tesla actually purchased $1.5 billion worth Bitcoin in January 2021 and cashed out about 10% of that investment in the first quarter.
Bitcoin was worth more than $30,000 at the time. Tesla’s carrying value on the roughly 42,000 coins held was around $1.26 bill...
Tesla actually purchased $1.5 billion worth Bitcoin in January 2021 and cashed out about 10% of that investment in the first quarter.
Bitcoin was worth more than $30,000 at the time. Tesla’s carrying value on the roughly 42,000 coins held was around $1.26 bill...
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