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Realistically we won't know until the Q2 financials are out. Note the wording "*will not* be selling any Bitcoin" not "*has not* sold any Bitcoin". There were
by tenpies 5y ago
Realistically we won't know until the Q2 financials are out.
Note the wording "*will not* be selling any Bitcoin" not "*has not* sold any Bitcoin". There were major dumps a couple minutes before Elon's announcement. It should be no surprise if Tesla front-run Elon's announcement, knowing that it would affect the price.
They'll keep a trivial amount on the financials, but I suspect the majority was off the books.
They will also use this an excuse to realize revenue in what will appear to be a very lean quarter. I mean they can't exactly sell to "test liquidity" again.
- jlokier 5y agoThey are publically on record as having bought $1.5billion Bitcoin. I don't think that counts as a trivial amount on the financials.