Tesla, Inc., the EV giant, is reportedly planning to add more Bitcoin (BTC) to its balance sheet. According to latest discussions on social media, the Elon Musk-backed company is set to purchase an additional $3 billion worth of BTC soon. It already HODLes over $1.2 billion of Bitcoin.
Will Tesla Buy More Bitcoin?
As per data from Arkham Intelligence, an on-chain data monitoring platform, Tesla currently holds 11,509 BTC, valued at $1.24 billion. The company has stayed bullish on the BTC price as they have held onto their holdings since a few quarters ago.
Despite the latest all-time high for BTC, the tech firm didn’t sell off any of its holdings to reap profits. Hence, them planning to acquire more Bitcoin could be a move to further solidify their bullish outlook for BTC. However, as of yet, there has been no official confirmation from Tesla yet.
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