Elon Musk hints that Tesla owns about 42,000 Bitcoins – Featured Bitcoin News

Tesla CEO Elon Musk hinted at how many bitcoins Tesla owns after revealing that the fair market value of his bitcoin holdings was $1.47 billion as of June 30.

Tesla holds about 42,000 bitcoins

Tesla’s technical knowledgeElon Musk commented on how much Bitcoin his electric car company owns in response to a rough calculation provided by Tesla shareholder Dave Lee on Twitter.

In his calculations, Lee used $1.47 billion as the fair market value of all Tesla’s bitcoin holdings, as shown in the company’s 10-Q form filed with the U.S. Securities and Exchange Commission (SEC). Tesla wrote:

As of June 30, 2021, the book value of our digital assets held was US$1.31 billion, reflecting a cumulative impairment of US$50 million. As of June 30, 2021, the fair market value of such digital assets held was US$1.47 billion.

Lee also used the Bitcoin price at the close of trading on June 30, which was approximately $35,040.That day, high Bitcoin The price is 35,189.75 US dollars, the lowest price is 34,155.90 Bitcoin.com market.

His estimates indicate that Tesla holds 42,069 BitcoinMusk then replied: “We don’t have that many bitcoins, but we are close.”

Tesla bought worth Bitcoin $1.5 billion In the first quarter.The company also started Accept cryptocurrency As a payment method in March, but stopped quoting in May environmental issueHowever, Musk said in the recent Bitcoin event “The B Word” that Tesla may Resume accepting Bitcoin.

At the end of the second quarter, the company reported the value of its Bitcoin holdings $1.311 billion After impairment. In April, the bitcoin storage value of this electric car company $2.5 billion.

Not only Tesla owns Bitcoin, Musk also owns Bitcoin disclose During his personal B-word incident BitcoinSame as his other company, Spacex. Musk also owns Ethereum and Dogecoin.

According to a list Bitcoin Treasury Bond, The only public company with more bitcoins than Tesla is Microstrategy.Under the leadership of pro-Bitcoin Michael Saylor, Microstrategy has accumulated Bitcoin One of its main goals.The company currently holds about 105,085 Bitcoin.

How much bitcoin do you think Elon Musk, Tesla and Spacex own? Let us know in the comments section below.

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