You are here
Home > All Crypto > Elon Musk Hints Tesla Owns About 42K Bitcoins – Featured Bitcoin Information

Elon Musk Hints Tesla Owns About 42K Bitcoins – Featured Bitcoin Information

Tesla CEO Elon Musk has hinted what number of bitcoins Tesla owns after revealing that the truthful market worth of its bitcoin holdings was $1.47 billion as of June 30.

Tesla Holding About 42K Bitcoins

Tesla’s technoking, Elon Musk, has commented on what number of bitcoins his electrical automobile firm owns in response to a tough calculation offered on Twitter by Tesla shareholder Dave Lee.

In his calculation, Lee used $1.47 billion because the truthful market worth of Tesla’s complete bitcoin holdings as proven within the firm’s Type 10-Q filed with the U.S. Securities and Alternate Fee (SEC). Tesla wrote:

As of June 30, 2021, the carrying worth of our digital property held was $1.31 billion, which displays cumulative impairments of $50 million. The truthful market worth of such digital property held as of June 30, 2021 was $1.47 billion.

Lee additionally used the worth of bitcoin at shut on June 30, which was about $35,040. On that day, the excessive of the BTC worth was $35,189.75 and the low was 34,155.90 primarily based on information from Markets.

His estimate means that Tesla is holding 42,069 BTC. Musk subsequently replied: “We don’t have that many bitcoin, but it surely’s shut.”

Tesla purchased bitcoin value $1.5 billion within the first quarter. The corporate additionally started accepting the cryptocurrency as a way of cost in March however stopped in Could citing environmental issues. Nonetheless, Musk stated at a current bitcoin occasion, “The B Phrase,” that Tesla will doubtless resume accepting bitcoin.

On the finish of the second quarter, the corporate reported its bitcoin holdings value $1.311 billion after impairments. In April, the electrical automobile firm’s bitcoin stash was value $2.5 billion.

Not solely does Tesla personal bitcoin, however Musk additionally revealed in the course of the B Phrase occasion that he personally owns BTC, as does his different firm, Spacex. Musk additionally owns ether and dogecoin.

In keeping with a listing of bitcoin treasuries, the one public firm that owns extra bitcoin than Tesla is Microstrategy. Led by the pro-bitcoin Michael Saylor, Microstrategy has made accumulating BTC one among its main aims. The corporate at the moment hodls roughly 105,085 bitcoins.

What number of bitcoins do you suppose Elon Musk, Tesla, and Spacex personal? Tell us within the feedback part under.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct provide or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or corporations. doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, immediately or not directly, for any injury or loss triggered or alleged to be attributable to or in reference to using or reliance on any content material, items or companies talked about on this article.

Supply hyperlink

Leave a Reply