Post
Topic
Board Bitcoin Discussion
Re: Is Incorporating BTC the way forward for most companies?
by
cr1776
on 04/05/2021, 12:14:08 UTC
Tesla’s first quarter earnings report released on Monday showed that the company sold off 10 per cent of its Bitcoin holdings. It made $272m in proceeds and $101m in profit from Bitcoin.

The car maker made more money from Bitcoin than car sales. Tesla’s profits hit $438m with nearly a quarter of that earning coming in Bitcoin sale.- "punch"

Pretty much anyone who has bought and held (or mined and held) - although the Tesla purchase/sale portion was more of a trade - for any length of time has done great.  So yeah, smart companies are replacing inflationary fiat with bitcoin.