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Elon Musk's Tesla Will Buy 3 Billion USSD Bitcoin: Reality Check
Tesla, Inc., the electric vehicle giant, is reportedly planning to add Bitcoin (BTC) to its balance sheet. According to recent discussions on social media, the company backed by Elon Musk will soon purchase an additional 3 billion dollars in BTC. The company has HODLed more than 1.2 billion dollars in Bitcoin. Will Tesla buy more Bitcoin? According to data from Arkham Intelligence, a blockchain data monitoring platform, Tesla currently holds 11,509, worth $1.24 billion. The company remains optimistic about the price of BTC as they have held their stake since a few quarters ago. Although BTC has reached its latest all-time high, this technology company has not sold any shares to realize profits. Therefore, their plan to buy more Bitcoin could be a move to further strengthen their bullish outlook on BTC. However, so far, there has been no official confirmation from Tesla.