Tesla filed an annual report with the U.S. Securities and Exchange Commission (SEC) Friday. “We continue adapting our investment strategy to meet our liquidity and risk objectives, such as investing in U.S. government and other marketable securities, digital assets and providing product-related financing,” the company wrote, adding: The fair market value of our bitcoin holdings … Read more
Elon Musk’s electric car company, Tesla, did not sell any bitcoin in the fourth quarter, according to the company’s latest financial statement. Tesla is holding bitcoin worth $1.26 billion. The company still has not resumed accepting bitcoin payments but now accepts the meme cryptocurrency dogecoin (DOGE) for some merchandise. Tesla released its Q4 and FY2021 … Read more
Elon’s support for the popular memecoin looks set to continue in 2022, and Tesla’s latest development is proof of this. According to Musk and Tesla’s website, the automobile company has introduced a new feature that will allow customers to pay for certain products in Dogecoin. Musk initially took to Twitter to publicize the announcement late … Read more
BitPay Inc., one of the world’s most well-known crypto payments processors, has seen a shift in the type of digital assets used for purchases over the last year, according to a Bloomberg report. According to BitPay, Bitcoin’s (BTC) usage at businesses that use its payment system fell last year to about 65% of processed transactions, … Read more
Tesla CEO Elon Musk announced that Tesla now accepts Dogecoin (DOGE) as payment for the company’s merchandise. DOGE-eligible products in the Tesla store can be purchased by sending DOGE to Tesla’s Dogecoin wallet. Although it now accepts DOGE, the firm also clarified that it is not taking any other crypto. The company stated that it … Read more