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Tesla sells 75% off its Bitcoin


areyentiraidhi

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7 minutes ago, csrcsr said:

Actually past one month lo oka 6% periginatlu undi bcoin

They sold at 29k anukunta avg price. last qtr lo

2 days back news raagane konchem padi malli bounced back..

Already market priced in ee incident ki so peddaga react kaala..

 

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As a trading company they need to declare BTC as capital investment on their books and any earnings of loss or profit would reflect in ER(like amazon’s investment in rivian last 2 quarters) , keeping BTC would have dragged with their EPS and would have hurt their stock, so they thought of letting it go but conviction is important as he was the influencer for crypto..

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