In Q3, Tesla Confirms it Still Holds Bitcoin
Tesla recently disclosed that it did not sell any of its Bitcoin holdings in the third quarter of the year. This revelation comes amidst ongoing speculation about the electric car company’s stance on the cryptocurrency market.
The news was confirmed during Tesla’s earnings call, where the company’s Chief Financial Officer, Zachary Kirkhorn, stated that they still hold Bitcoin on their balance sheet. This reassurance has provided some clarity on Tesla’s position regarding its investment in the digital asset.
Despite the volatility in the cryptocurrency market, Tesla’s decision to hold onto its Bitcoin holdings indicates a level of confidence in the long-term potential of the digital currency. Many investors and analysts will be closely monitoring Tesla’s future moves in relation to its Bitcoin investments.