Tesla's Q1 financial report fell short of expectations, but it still holds over $950 million in Bitcoin
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Tesla's latest financial report shows that as of March 31, the company held approximately $951 million in Bitcoin, slightly down from $1.076 billion at the end of last year, mainly due to price fluctuations. According to data, Tesla did not conduct any cryptocurrency transactions this quarter and currently holds 11,509 Bitcoins. Under the new rules of the Financial Accounting Standards Board (FASB), enterprises need to adjust digital assets quarterly at market value. Tesla's first-quarter revenue was $19.34 billion, lower than the market expectation of $21.37 billion. Despite this, its stock price rose by more than 2% after hours. (CoinDesk)
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