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Why did Tesla allocate only 7.7% of its cash reserves to Bitcoin?

In light of Tesla’s $1.5 billion purchase of Bitcoin, market bullishness is at a fever pitch. In fact, right now, many anticipate that corporate treasurers worldwide will follow Tesla’s lead and take a closer look at an allocation towards cryptocurrencies. Tesla is the fifth-largest company in the S&P 500, which is the reason why many...
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Bitcoin (BTC) $ 84,841.73 0.34%
Ethereum (ETH) $ 1,618.61 1.39%
Tether (USDT) $ 1.00 0.00%
XRP (XRP) $ 2.12 1.19%
BNB (BNB) $ 584.16 0.16%
Solana (SOL) $ 129.20 0.87%
USDC (USDC) $ 1.00 0.00%
TRON (TRX) $ 0.248395 1.76%
Dogecoin (DOGE) $ 0.155569 3.23%
Cardano (ADA) $ 0.6197 3.09%
Bitcoin (BTC) $ 84,841.73 0.34%
Ethereum (ETH) $ 1,618.61 1.39%
Tether (USDT) $ 1.00 0.00%
XRP (XRP) $ 2.12 1.19%
BNB (BNB) $ 584.16 0.16%
Solana (SOL) $ 129.20 0.87%
USDC (USDC) $ 1.00 0.00%
TRON (TRX) $ 0.248395 1.76%
Dogecoin (DOGE) $ 0.155569 3.23%
Cardano (ADA) $ 0.6197 3.09%