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According to BTC data from Bitcointreasuries.net, Coinbase has overtaken Elon Musk’s Tesla as the 10th largest Bitcoin holder in the list of top public BTC treasury companies. The popular cryptocurrency exchange platform holds 11,776 BTC, valued at around $1.36 billion. Source: Bitcointreasuries.net Coinbase Long On Bitcoin, Will Elon Musk’s Tesla Follow? Source: bloomingbit.io According to an X post by Coinbase CEO Brian Armstrong, the company is long on BTC. Armstrong stated that Coinbase’s BTC holdings increased by 2509 BTC in Q2 of 2025. The CEP added that the company will keep buying more BTC in the future. The company seems to be making quite a profit with its BTC holdings. The total cost basis for the total BTC held is $740 million, while the fair value is $1.26 billion. Coinbase is long bitcoin. Our holding increased by 2,509 BTC in Q2, and we keep buying more. pic.twitter.com/ztx10X2YXV — Brian Armstrong (@brian_armstrong) July 31, 2025 Also Read: Coinba...

Metaplanet’s latest Bitcoin buy has pushed its total holdings past those of Coinbase, setting the stage for it to overtake Tesla and Hut 8 next. The Japan-based investment firm said earlier today that it acquired an additional 1,112 BTC for roughly $117 million, bringing its total to 10,000 coins to become the world’s 7th-biggest corporate holder of BTC. Metaplanet is now just 264 BTC away from Canadian mining firm Hut 9 and closing on the 11,509 BTC held by Elon Musk’s Tesla, according to data from BitBo . Coinbase holds 9,267 Bitcoin. Leading corporate Bitcoin holder Strategy (formerly MicroStrategy) still maintains a dominant position in the rankings with its reserves of 582,000 BTC. The firm’s executive chair Michael Saylor also recently hinted at another purchase, which, if history repeats, will be announced later today. Metaplanet Aims For 210K BTC By 2027, Or 1% Of Bitcoin’s Total Supply The average purchase price for the latest acquisition ...

The US stock market has certainly struggled to find any stability of momentum in the first several months of the year. That may be starting to change, with Wall Street turning around Thursday. Moreover, Tesla (TSLA) may be part of an upcoming run, with one $10 trillion reason the stock is a hedge fund favorite in 2025. The EV manufacturer experienced a near-crisis to start 2025. Its sales plummeted amid ongoing consumer backlash to CEO Elon Musk’s political affiliations with the current administration. Yet, that may be behind the company, as the path forward looks like it could be huge for the stock. Source: REUTERS / Brendan McDermid Also Read: Tesla (TSLA) Gets 70% Upside, But It Hinges on One $1.7T Market Tesla Snatched Up By Hedge Funds In 2025 And There’s One Glaring Reason Why Thursday proved to be a major day for the US stock market. The US and UK reached a new trade deal that saw the Dow Jones Index jump as much as 500 points. Moreover, the Magnificent 7 increased, w...

Although the start of the year has not been kind to Tesla (TSLA), Wolfe Research has recently said that it has emerged as the best stock to buy for one specific purpose. Indeed, the EV manufacturer has failed to live up to expectations in 2025. Although it rebounded at the tail end of last week, it has still fluttered to make headway this year. Over the past month, the stock has dropped more than 16%, according to CNN data. Moreover, its recent fall has led more than half of the platform’s 54 surveyed analysts to give the stock a hold or sell rating. Moreover, with 60% downside in its low-end price projection, why does Wolfe Research have it topping one specific list? Source: Investopedia Also Read: Tesla (TSLA) to Unleash $10T Business? Why the Stock May SoarAlso Read: Tesla (TSLA) Tops New Wolfe Research List: Says Its Best Stock for One Specific Reason Although we are less than two months into the year, Tesla has had reason to be both optimistic and pessimistic about the stock....

Despite the stock’s rather difficult time over the last few weeks, its CEO has not lost hope. Indeed, Elon Musk has recently stated his belief that Tesla (TSLA) will eventually surpass the world’s five largest companies in worth. Yet, can its future products be enough to propel it beyond its current struggles? Tesla had underperformed in its most recent earnings report. Moreover, it looks to be one of the biggest companies affected by the ongoing geopolitical tensions. As US President Donald Trump institutes tariffs on North American nations, it places a lot of the company’s earning power into question. So, why is Musk still so optimistic? Source: Investopedia Also Read: Tesla (TSLA) Stock Keeps Falling: Are Trump’s Tariffs to Blame? Elon Musk Says Tesla Will be Worth More than Five Largest Companies Combined: But Why? Midway through Wednesday, Tesla shares had already fallen more than 2.51%. That has come to be indicative of the trend, as opposed to the exception. Thi...

Electric vehicle manufacturer Tesla reported a $589 million gain on its Bitcoin holdings in the fourth quarter last year after a change in US accounting rules that allowed companies to record the market value of crypto on their books. Tesla, which was founded by technology billionaire Elon Musk, released its Q4 2024 results yesterday. They show that the company valued its holdings in BTC at more than $1 billion, a substantial increase from the $184 million it logged during previous quarters. New FASB Rule Lets Companies Record Market Value Of Crypto A 2023 Financial Accounting Standards Board (FASB) rule that came into effect around the middle of December 2024 lets companies use the estimated value of their digital asset holdings in their balance sheets.  Prior to the new rule, a corporate’s crypto holdings decreased on the books if the digital assets lost value in an accounting period. The recorded value of the assets would then not increase until the company sold the...

In what is perhaps the most shocking development on Wall Street early this year, Tesla’s (TSLA) stock has fallen below the $400 mark. However, the recent performance doesn’t deter the reality that plenty of analysts are expecting big things from the electric vehicle manufacturer throughout this year. Indeed, some analysts have even touted a 33% upside for the stock. The Elon Musk-led company ended 2024 on a noticeable high. In fact, it surged as high as it ever had, with Tesla stock reaching a record share price of $424 in early December. Yet, its recent correction has many concerns. With things far from over for the company, analysts appear to be split on just where the company’s stock can go from here. Source: NPR Also Read: Tesla Stock in Trouble? JPMorgan Says Profits May Vanish in 2025 Tesla at a Crossroad as Stock Falls Below $400: Why TSLA There is Both Risk & Upside In the Stock Entering 2025, there were many who believed this would be the year of the Tesla. Th...

Though Tesla’s (NASDAQ: TSLA) history with Bitcoin (BTC) mostly ended in July 2022, when the electric vehicle (EV) maker sold about 75% of its cryptocurrency, it experienced an unexpected revival on October 15 and 16, 2024. Specifically, Tesla started moving vast quantities of BTC to previously unknown addresses on the afternoon of October 15 and had, across a total of 26 transactions, transferred some $760 million worth of the coin, per the data retrieved from Arkham Intelligence. Tesla’s BTC transfers. Source: @ArkhamIntel The transfers – which involve virtually all of Tesla’s remaining 11,510 Bitcoins – quickly drew the crypto community’s attention and sparked speculation on the EV maker’s intentions. Picks for you Recession panic fades; Are investors underestimating risks ahead? 4...

American internet personality Adin Ross ranks among the top streamers by wealth, with his income stemming from a diverse portfolio.  Over the years, Ross’ status as a streamer has risen significantly, allowing him to host high-profile individuals such as Republican presidential nominee Donald Trump. Ross’ financial endeavors have earned him a purported net worth of about $16 million. Notably, part of this net worth stems from investments in cryptocurrency and the stock market. Picks for you Jim Jordan’s net worth: How rich is the US Representative for Ohio? 5 mins ago JPMorgan sees 35% chance of U.S. recession this year 7 mins ago ...

In one of the latest leadership changes at American multinational automotive company Tesla, the company’s CFO, Zach Kirkhorn , announced he will resign from his position. Kirkhorn’s resignation takes effect on Friday, according to the details shared by Tesla on Monday. According to a filing with the Securities and Exchange Commission, Kirkhorn is set to remain with Tesla until the end of the year to aid in the transition. Having held the position of CFO since March 2019 and having been a part of Tesla since 2010, he has played a significant role in the company’s financial operations. Also read: PayPal Enters Stablecoin Realm With PYUSD Source: BQ Prime Vaibhav Taneja takes the position of new CFO According to the details, Vaibhav Taneja has taken over the position of CFO. Taneja, who is the chief accounting officer, will ensure and do the duties of both positions. Kirkhorn wrote on LinkedIn, “As I shift my responsibilities to su...