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The company booked a gain of $XX million on its bitcoin holdings.
The new service will see the social investing firm provide Twitter users with real-time price for cryptocurrencies, stocks and other assets while directing them to the eToro platform to invest in them.
With its first quarter earnings to be reported on the 19th April, how will these discounts affect the company’s performance and profitability?
Wednesday’s highly anticipated earnings report from Tesla blew beyond Wall Street’s projections, thanks in large part to the record number of electric cars delivered to customers during the last three months of 2022.
The company reported $34 million in impairment charges to its bitcoin holdings, however.
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TORONTO, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose Investments”) has filed and been receipted for a preliminary prospectus by the Canadian securities regulators in connection with the proposed launch of the first yield-focused single-stock ETFs (as outlined below) (collectively, the “ETFs” or “Purpose Yield Shares”). ETF NamesUnderlying Issuer Security Apple (AAPL) Yield SharesApple Inc.Common stockAmazon (AMZ) Yield SharesAmazon.com Inc.Common stockTesla (TSLA) Yield
The electric car company did not buy or sell any bitcoin in the quarter, after selling 75% of its holdings in the second quarter.
Elon Musk's favorite cryptocurrency settled down after rising on news that the Tesla CEO's purchase of Twitter was back on the table.
Alongside a spike in Twitter shares, Musk crypto favorite Dogecoin has moved higher.
Tesla (TSLA) CEO Elon Musk sent a second letter calling off the $44 billion acquisition of Twitter (TWTR) in case one sent in July is deemed invalid.
Dogecoin bucked the broader crypto market trend on Wednesday, with news of Tesla selling 75% of its BTC holding weighing on investor sentiment.
Bitcoin’s pullback to the $20,000 mark negatively affected meme coin rallies and pulled back Dogecoin and Shiba Inu in terms of price.
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Dogecoin rallied by 9.50% on Tuesday, with Shiba Inu enjoying a 31.20% breakout. Elon Musk delivered meme coins support in a Bloomberg interview.
Investors target Elon Musk for promoting Dogecoin. On Thursday, an investor filed a $258 billion lawsuit against Elon Musk, Tesla Inc., and SpaceX.
Meme coins and BTC take center stage, with Jack Dorsey talking Web5 and Elon Musk, possibly, accepting the challenge to build a DOGE-based Web69.
At the start of May, Italian luxury brand Gucci caused major headlines, as the designer fashion label announced that it will be accepting payments in cryptocurrency in some of its American outlets by the end of May.
Musk is worried that economic problems will hurt demand for Tesla vehicles.