🔥💥Tesla announced, Bitcoin investors breathed a sigh of relief

#Tesla , where #elonMusk is CEO, has announced its first-quarter balance sheet. The company did not do what Bitcoin investors were afraid of.

US electric vehicle manufacturer Tesla has announced its first quarter balance sheet for 2024. Accordingly, the company continued to hold Bitcoin assets and did not make any sales.

Tesla bought 43 thousand 200 BTC in February of 2021 and reduced these assets to 9 thousand 720 BTC with two separate sales. The company has been holding 9,720 Bitcoins on its balance sheet since July 2022. The value of these assets is over $ 600 million at current prices.

If he had never sold, he would have made a big profit

The company, of which Elon Musk is the CEO, would be sitting on a huge profit today if it hadn't touched any of its initial 43,200 BTC assets. Tesla paid a total of $1.5 billion at that time. the current value of 43,200 BTC is close to $ 3 billion.

Tesla's revenue figures for the first quarter of 2024 were lower than expected. The company reported a 9 percent drop in revenue in the first quarter, the first time a decline of this size has been seen since 2012. In addition, Tesla shares have fallen by more than 40 percent this year due to increased competition in October in the electric vehicle sector.

#BTC #binance