{"id":2218,"date":"2023-07-20T05:06:04","date_gmt":"2023-07-20T05:06:04","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=2218"},"modified":"2023-07-20T05:06:06","modified_gmt":"2023-07-20T05:06:06","slug":"tesla-maintains-bitcoin-holdings-steady-in-q2-2023","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/tesla-maintains-bitcoin-holdings-steady-in-q2-2023\/","title":{"rendered":"Tesla Maintains Bitcoin Holdings Steady in Q2 2023"},"content":{"rendered":"\n<p>Today, Tesla, Elon Musk&#8217;s pioneering automotive and clean energy company, confirmed that it had neither purchased nor sold any of its $333,000,000 Bitcoin (BTC) in the second quarter of 2023. The information was made public in the company&#8217;s Q2 update, indicating a steady approach towards their Bitcoin assets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-impact-on-gross-margin-and-share-prices\">Impact on Gross Margin and Share Prices<\/h2>\n\n\n\n<p>The update also revealed that Tesla&#8217;s gross margin had dipped in the second quarter compared to the first three months of the year. This reduction has the potential to impact Tesla&#8217;s strategies to bolster sales via price reductions.<\/p>\n\n\n\n<p>Despite the static nature of Tesla&#8217;s Bitcoin holdings, the total value rose from Q1\u2019s $321,000,000 BTC by 22 million. This follows the company&#8217;s decision in the second quarter of last year to sell more than 30,000 bitcoins, accounting for approximately 75% of its holdings, for a total of $936 million. Tesla originally invested $1.5 billion in Bitcoin in early 2021.<\/p>\n\n\n\n<p>As for Tesla&#8217;s shares, they experienced a 1% fluctuation to reach $288.96 in after-hours trading. So far this year, the shares have shown an impressive growth of more than 136%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, Tesla, Elon Musk&#8217;s pioneering automotive and clean energy company, confirmed that it had neither purchased nor sold any of its $333,000,000 Bitcoin (BTC) in the second quarter of 2023. The information was made public in the company&#8217;s Q2 update, indicating a steady approach towards their Bitcoin assets. Impact on Gross Margin and Share Prices [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[257,43],"tags":[],"class_list":{"0":"post-2218","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-general-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tesla Maintains Bitcoin Holdings Steady in Q2 2023<\/title>\n<meta name=\"description\" content=\"Tesla, Elon Musk&#039;s pioneering automotive and clean energy company, confirmed that it had neither purchased nor sold any of its $333,000,000 Bitcoin (BTC) in the second quarter of 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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