Tesla’s adventure began with a bang two years ago when the company invested a billion and a half in dollars in the cryptocurrency and announced plans to accept Bitcoin as payment for its vehicles, a move that significantly boosted Bitcoin’s market value at the time.
Fast forward to the second quarter of 2023, Tesla disclosed that it had neither bought nor sold Bitcoin, maintaining a consistent digital asset balance of $184 million.
BTC to USD by It is noteworthy that Tesla’s last Bitcoin transaction took place in the second quarter of the previous year, when the company offloaded more than 30,000 , equating to roughly 75% of its holdings, for a staggering $936 million.
As the crypto community eagerly awaits Tesla’s latest Bitcoin holdings update, the entire industry braces itself for another major shift, one that could influence not only Bitcoin’s valuation but also the sentiment surrounding digital assets in general.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
