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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) $ 68,364.32 0.92%
Ethereum (ETH) $ 2,425.51 1.75%
Tether (USDT) $ 0.999549 0.05%
BNB (BNB) $ 557.46 0.39%
Solana (SOL) $ 159.92 1.58%
USDC (USDC) $ 1.00 0.06%
XRP (XRP) $ 0.50759 0.46%
Dogecoin (DOGE) $ 0.162673 7.90%
Lido Staked Ether (STETH) $ 2,424.44 1.69%
TRON (TRX) $ 0.162664 1.58%