NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Tesla 2022 Bitcoin Sale Draws Scrutiny As BTC Surges Near Record Highs

Ronaldo Marquez
Ronaldo Marquez
3 weeks ago
3 mins read
Tesla

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

CNBC’s recent analysis of Tesla earnings report revealed a troubling trend for the electric vehicle giant: it missed expectations for major revenue and earnings from Bitcoin (BTC) investments in the second quarter.

However, a less publicized detail from the investor deck highlighted a significant aspect of Tesla’s financial landscape—its digital assets are now valued at $1.24 billion, an increase from $722 million just a year ago. Yet, this figure also underscores a lost opportunity, with billions in potential gains slipping through Tesla’s fingers.

Tesla’s Bitcoin Strategy

Bitcoin, which has surged nearly 80% over the past year and is currently trading near record highs, plays a crucial role in this narrative. Tesla made headlines in mid-2022 when it sold 75% of its Bitcoin holdings, capitalizing on a market that was significantly lower than today’s prices. 

CEO Elon Musk has emphasized that the company’s future lies in innovations like robotaxis and humanoid robots rather than crypto investments. However, with Tesla currently grappling with a decline in auto revenue—reporting a second consecutive drop—these digital assets could have provided a vital cash infusion.

The impact of this strategic decision is evident: Tesla’s stock (TSLA) fell 8% following the earnings report, marking a 25% decline for the year, making it one of the worst performers among major tech stocks. 

Related Reading

Ethereum

Ethereum Price On The Verge: Banks And State Buy To Push ETH Above $5,500?

4 weeks ago

Musk’s projects, such as robotaxis and the Optimus robot, reportedly require substantial investment in a landscape characterized by intense competition. Additionally, the company faces challenges from external factors, including tariffs imposed with President Donald Trump’s administration and the expiration of federal EV tax credits, which may impact its core business in the near future.

Despite these challenges, Tesla’s digital assets contributed to profitability, with gains from Bitcoin amounting to $284 million in the second quarter, alongside a total net income of $1.17 billion. 

However, this gain could have been much larger had Tesla retained its entire Bitcoin investment. In early 2021, Tesla invested $1.5 billion in Bitcoin, anticipating the digital currency’s “long-term potential” and aiming to diversify its cash reserves.

From Boom To Bust

CNBC reports that Musk’s vocal support for Bitcoin significantly influenced its price, especially in early 2021 when a tweet that included #bitcoin sent the currency soaring by 20% in a single day. 

Yet, by mid-2022, the economic climate had shifted dramatically. The aftermath of the COVID-19 boom was characterized by rising inflation and increasing interest rates, which led to a widespread aversion to risky assets. 

In this environment, Tesla opted to liquidate three-quarters of its Bitcoin holdings, a decision that brought cash to its balance sheet as both equity and crypto markets began a steep decline.

Related Reading

XRP

XRP Is About To Break 8-Year Resistance Against Bitcoin Ahead Of Spot ETF Approval

4 weeks ago

While Tesla’s market cap suffered greatly in 2022, losing about two-thirds of its value, Bitcoin itself fell by 60%. However, the cryptocurrency has made a substantial comeback this year, buoyed by regulatory easing efforts in the US and discussions around creating a strategic Bitcoin reserve. 

Had Tesla maintained its original Bitcoin holdings, the current value would approximate $5 billion, in stark contrast to the existing valuation of $1.24 billion. The $936 million in Bitcoin converted to cash would now be worth over $3.5 billion.

Tesla
The daily chart shows BTC’s price retrace. Source: BTCUSDT on TradingView.com

Featured image from DALL-E, chart from TradingView.com

Tweet123Share196ShareSend
Ronaldo Marquez
Ronaldo Marquez

Ronaldo Marquez

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

Read more

Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.

Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.

However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.

Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.

With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Crypto

New Crypto Assets Group Backed By Trump Gets Green Light

The Securities and Exchange Commission is moving in a different direction on crypto. Related Reading: Cardano Climbs To 8th, Pushing...

Christian Encila 12 hours ago
Bitcoin

Bitcoin Decentralization Under Threat? Hashrate Is Now Concentrated In These Two Pools

Bitcoin’s core promise of decentralization is facing a major test. Two pools now control a majority share of the network’s...

Godspower Owie 16 hours ago
XRP

Panic Or Profit? Analyst Says XRP Below $3 Is A ‘Massive Blessing’

After the brief surge that followed the Ripple lawsuit’s conclusion, traders say momentum quickly faded. Bitcoin slid to around $114,000,...

Christian Encila 20 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Ethereum Captures Investor Frenzy, Overtakes Bitcoin With Nearly $3-B Surge

Christian Encila 7 hours ago
Bitcoin news

Is The Bitcoin Treasury Bubble Popping? Expert Answers

Jake Simmons 8 hours ago
bitcoin

More Pain For Bitcoin? Open Interest Surpasses $40 Billion As Longs Crowd In

Ash Tiwari 10 hours ago

Premium Sponsors

Press Releases

  • Seize the XRP Surge: ETHRANSACTION Mining Platform Allows...

    8 hours ago
  • Négy altcoin, amely több mint 200%-os növekedési potenciállal rendelkezik|Új történelmi csúcs a Bitcoin árfolyamában

    Négy altcoin, amely több mint 200%-os növekedési...

    18 hours ago
  • Cztery altcoiny z potencjałem wzrostu powyżej 200%|Nowe rekordy cenowe Bitcoina

    Cztery altcoiny z potencjałem wzrostu powyżej 200%|Nowe...

    18 hours ago
  • HTX Launches 12th-Anniversary Carnival and Embarks on a New...

    20 hours ago
  • 仮想通貨 おすすめ:Token6900が急成長、次のビッグミームコイン候補か?

    TOKEN6900 プレセールが220万ドル突破 –...

    20 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.