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Feb 8 • 4 tweets • 1 min read
Tesla's Bitcoin Investment Hits Nearly $2 Billion

In its annual report released Monday, Tesla disclosed the market value of its bitcoin holdings skyrocketed to $1.99 billion as of December 31 after its $1.5 billion investment in the first quarter, representing roughly 10% of...
its liquid assets.
Despite revealing an accounting loss of $101 million spurred by bitcoin's volatility last year, the firm reported $272 million in profits from the sale of digital assets last year and said it "believes in the long-term potential of digital assets, both as...
an investment and also as a liquid alternative to cash."
With about 43,200 bitcoins, Tesla owns more of the world's largest cryptocurrency than eight of the top 10 corporate holders, according to Bitcoin Treasuries, but pales in comparison to MicroStrategy, the data analytics...
firm led by staunch bitcoin bull Michael Saylor, which owns 125,051 coins worth about $5.4 billion.

© Forbes

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More from @RealOlaudah

Olaudah Equiano® Profile picture
Feb 10
SOMETHING extraordinary is happening in Northern Nigeria, alias Arewa. The sons of the poor are up in arms. In cahoots with foreigners from far and near, they are killing their own kinsmen, women and children.
They are kidnapping them for multimillion naira ransoms, destroying their own communities and driving away the elite to Abuja. The poor are fleeing in droves to the South.
The evil seeds sown over the past 218 years by the founders of Sokoto Caliphate, the most backward Islamic system in the world, have grown and are bearing fruits in multiple folds.
Read 26 tweets
Olaudah Equiano® Profile picture
Feb 9
What have Igbos done to other Nigerians?

I am asking this question because whenever I get involved in phone or face-to-face discussions with non-Igbos about the possibility of an Igbo Presidency in 2023, negative remarks are the norm.
Sometimes, an individual comprehensively insults Igbos, highlights their alleged character flaws and “crimes” and swears that they will never get near the top job. Sometimes, within group settings, several Igbophobes simultaneously launch harsh verbal attacks.
Sometimes those who regard the South East as politically unworthy restrict themselves to comments that are relatively mild but still extremely patronising and essentially damning, such as: “Igbos are OK but simply not ready for national leadership at the moment.”
Read 23 tweets
Olaudah Equiano® Profile picture
Feb 9
Europe will need 65 million EV chargers by 2035

Analysts predict that the number of electric vehicles in Europe will grow from the current 5 million to 65 million by 2030 and then double over the next five years. By 2035, there will be about 130 million.
European continent will need 65 million charging stations for these electric cars, trucks and buses, with 85% of the charges installed in homes.
According to the latest figures, about 445,000 public charging stations have been installed in Europe.
"It took us 10 years to install 400,000 chargers," says Serge Koll, head of energy and utilities at EY. "Now we will need to install about 500,000 each year through 2030 and about 1 million each year between 2030 and 2035."
Read 4 tweets
Olaudah Equiano® Profile picture
Feb 9
Indian billionaire Gautam Adani overtakes Mukesh Ambani as Asia's richest man

Gautam Adani, the Indian billionaire who turned a small commodities trading business into a conglomerate spanning ports, mines and clean energy, has become Asia's richest man.
The 59-year-old tycoon's fortune reached $88.5 billion on Monday, surpassing that of Mukesh Ambani at $87.9 billion. Adani's fortune rose by nearly $12 billion, the biggest gain since the beginning of this year.
Some of Adani Group's listed stocks have soared more than 600% in the past two years.
Shares of Adani Green and Adani Total Gas Ltd. are up more than 1,000% since early 2020.
Read 4 tweets
Olaudah Equiano® Profile picture
Feb 8
Assuming this pic is genuine which shows those guarding the colonial treasury in ill-fitting clothing and _with no shoes_, it confirms what we have long known, that the British ran their Northern Nigerian Protectorate on a shoestring.
This dramatizes rather powerfully the fiscal impulse to amalgamation. There was no noble philosophy of history which necessitated the amalgamation. It was driven primarily by the need to subsidize the Northern Protectorate with finances from the far more profitable Lagos...
Colony and Southern Protectorate.
This pattern of wealth transfer from the South of Nigeria to the North, established with colonial amalgamation, has continued in the post-colonial era, with the northern elites intent on controlling federal power to perpetuate their extraction..
Read 6 tweets
Olaudah Equiano® Profile picture
Feb 7
It's not Bola Tinubu that elected Buhari. This is a myth that has been sold in the media, but it is not true at all! If Bola Tinubu could elect anyone, he would have done it in 2011 with Atiku.

Short thread.
Buhari was elected because the NewPDP block broke out of PDP in 2014 and effectively rendered the party defeated. If the newPDP block had not broken away, along with the North vowing to return to power by all means necessary, a thousand Bola Tinubus would never have been able...
to elect Buhari. The internal betrayal of GEJ was so bad that even Muazu, his own chairman, was working against him and this was down to one thing; the North wanted to return to power.
Bola Tinubu was a sectional leader in 2013/2014, whose only influence was in the SW.
Read 12 tweets

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