Tesla Reported that Its Bitcoin Holdings Were Worth $1.26 Billion in the Third Quarter

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Today’s Cryptocurrency Headline

Tesla made no new Bitcoin sales or purchases during the third quarter of 2021, according to its third-quarter 2021 earnings report. It also took a $51 million impairment charge on Bitcoin. Tesla’s Bitcoin holdings had a market fair value of $1.26 billion as of Sept. 30.

Bingbon’s Bitcoin Chart

Bitcoin price analysis
Source: TradingView& Bingbon

Bitcoin price surged past $65,000 yesterday, setting a new record. Bitcoin is currently sitting around $65,000. It can be seen that the current pull up has ignited the market optimism. Bitcoin would then have to settle at $65,000 to gain momentum. As a result, Bitcoin’s monthly closing price in October is crucial.