Tesla has increased its Bitcoin holdings to more than 1.25 billion USD, with 11,900 BTC. Previously, in Q2 2022, the company sold 75% of its holdings, retaining only 9,720 BTC.
Elon Musk’s environmental concerns impact decisions related to payments in Bitcoin. Speculation surrounds his new project, X Money, which may integrate Bitcoin after Tesla’s substantial crypto earnings.
Companies like Metaplanet aim to expand Bitcoin reserves, while legislation favoring Bitcoin reserves is gaining attention in over 25 US states. Recent proposals could lead to significant integration of Bitcoin into local economies.
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