Tesla confirmed in its latest financial report that it owns $2 billion worth of Bitcoin (BTC). Despite market volatility, Elon Musk's company has not sold off its holdings of the digital asset, indicating a long-term strategy to hold the cryptocurrency.
Tesla first invested in Bitcoin back in 2021, purchasing $1.5 billion worth of BTC and temporarily accepting it as payment for its cars. Although the company later sold some of its assets, it remains one of the largest corporate holders of BTC.
This news has sparked a positive reaction among crypto investors, as it confirms that large corporations continue to trust Bitcoin, despite periodic market corrections.
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