Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk sprang in a surprise in early 2021 when the company revealed in its 10-K report for the fiscal year 2020 that it invested an aggregate of $1.5 billion of cash in Bitcoin (NYSE:BTC).
The company also left open the scope of acquiring and holding digital assets from time to time or long term.
Sticks To Status Quo: Tesla did not transact in Bitcoin, nor in buy or sale transactions, in the second quarter, the earnings release showed. The balance sheet showed that as of June 30, 2023, it held digital assets, net, of $184 million, the …
