Re: Bitcoin crashes 87%

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Tesla’s filed annual report with SEC revealed that the company is in possession of Bitcoins worth almost 2 billion USD, and it’s considered that the producer views the digital coins as an alternative to cash and a long-term investment opportunity. The company wrote that:

“The fair market value of our bitcoin holdings as of December 31, 2021, was $1.99 billion.”

The annual report also revealed that the company accepted Bitcoin payments for particular products and services in some regions. Still, in May, they stopped accepting BTC, but later, in October, Tesla suggested that cryptocurrencies may as well be accepted in the future.


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