Increase in BTC value adds $80 million to the bottom line
Tesla (TSLA) continued to hold 11,509 BTC worth about $1.35 billion at the end of the third quarter (valued somewhat less today). The rise in bitcoin’s value during the third quarter allowed the company to book an $80 million gain on its holdings. For perspective, adjusted EBITDA for the quarter was $4.3 billion, and the […]
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