Tesla Drops $3B Bitcoin Bomb—Elon’s Crypto Gambit or Just Another Headline Grab?
Musk’s electric empire makes a jaw-dropping plunge into crypto—buying the dip or buying the hype?
The $3 Billion Question
No hedging, no ETFs—just cold, hard BTC hitting Tesla’s balance sheet. Wall Street analysts scramble to update their ‘Musk unpredictability’ models.
Cynic’s Corner
Another day, another corporate treasury chasing volatility instead of, say, fixing production bottlenecks. But hey—when the SEC lets you moon, moon hard.
Will Tesla Buy More Bitcoin?
As per data from Arkham Intelligence, an on-chain data monitoring platform, Tesla currently holds 11,509 BTC, valued at $1.24 billion. The company has stayed bullish on the BTC price as they have held onto their holdings since a few quarters ago.
Despite the latest all-time high for BTC, the tech firm didn’t sell off any of its holdings to reap profits. Hence, them planning to acquire more bitcoin could be a move to further solidify their bullish outlook for BTC. However, as of yet, there has been no official confirmation from Tesla yet.
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