TechFlow news According to financial reports, as of March 31, 2021, Tesla's net digital assets amounted to $1.331 billion. Tesla first purchased $1.5 billion worth of BTC in February this year, with cryptocurrency exchange Coinbase assisting in the purchase. After selling $272 million worth of BTC, Tesla earned $101 million from bitcoin sales in the first quarter, and financial reports show it still holds approximately $1.33 billion in BTC. Tesla CEO Elon Musk subsequently stated, "This quarter we also invested $1.5 billion in Bitcoin, then reduced our position by 10%, which slightly increased our profitability for the first quarter." Tesla's CFO said the company believes in Bitcoin's "long-term value" and will continue investing in Bitcoin.
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