Tesla Held Billions in Bitcoin in 2021
@Twelve_E:
In a U.S. Securities and Exchange Commission filing on Monday, Tesla ($(TSLA)$) said it had massive holdings in bitcoin... The company noted it had $1.99 billion worth of bitcoin after purchasing a total of $1.5 billion last year. Jan 2021, Tesla noted in its 10-K : In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future. Thereafter, we invested an aggregate