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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) $ 109,415.32 2.50%
Ethereum (ETH) $ 2,688.96 7.05%
Tether (USDT) $ 1.00 0.02%
XRP (XRP) $ 2.29 1.60%
BNB (BNB) $ 660.75 1.30%
Solana (SOL) $ 158.81 3.46%
USDC (USDC) $ 1.00 0.00%
Dogecoin (DOGE) $ 0.191867 3.80%
TRON (TRX) $ 0.2881 2.02%
Cardano (ADA) $ 0.69363 3.70%
Bitcoin (BTC) $ 109,415.32 2.50%
Ethereum (ETH) $ 2,688.96 7.05%
Tether (USDT) $ 1.00 0.02%
XRP (XRP) $ 2.29 1.60%
BNB (BNB) $ 660.75 1.30%
Solana (SOL) $ 158.81 3.46%
USDC (USDC) $ 1.00 0.00%
Dogecoin (DOGE) $ 0.191867 3.80%
TRON (TRX) $ 0.2881 2.02%
Cardano (ADA) $ 0.69363 3.70%