The irony here is that Tesla could have already bought back twice as much Bitcoin this quarter (which wouldn't be reporting until Q3). For example if they sold around $40K they could have well bought back at $20K, or around the 200 WMA if they felt that it presented a good average buying price. So while they did indeed sell, it remains unknown if they hold more than Q2 tax filings, given how cheap July prices have been.
I wouldn't be surprised to hear that out of the 75% they sold (likely good profit), they have returned half of that back into the market at a lower price and currently hold twice what they have for example.
Let's wait for the Q3 and find out if tesla was buying in the current time period. Can they sell in the Q2 at a loss, for some tax break or something like that?I wouldn't be surprised to hear that out of the 75% they sold (likely good profit), they have returned half of that back into the market at a lower price and currently hold twice what they have for example.
Then why is this information about 75% tesla's bitcoin sold so actively promoted in the media? Even this forum could not get around this news, because more than one topic has already been created with a discussion of this topic. Another attempt to create panic, drop bitcoin price and buy cheap?
There's nothing wrong with viewing a financial asset as "speculative".
