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Its original investment of 43,200 BTC would have been worth over $3 billion when Bitcoin hit a recent high of $73,750. The fate of Tesla’s remaining holdings is still unclear.
Tesla originally invested $1.5 billion in bitcoin in January 2021, when the token was trading in the $30,000 to $40,000 range, compared with about $105,000 now.
Elon Musk bought $1.5 billion worth of the cryptocurrency in 2021 using the electric car maker’s cash reserves
Tesla has sold off 75 percent of its holdings in Bitcoin, which was worth about $2 billion at the end of 2021, after making a huge investment in the cryptocurrency in 2021. The value of Bitcoin ...
Smart investors are getting into tech through Tesla, bitcoin through Coinbase and farming through AcreTrader. Let's take a look at this strategy and how it wins in a potentially negative gross ...
Tesla says it has invested $1.5 billion in Bitcoin and will soon accept the digital currency as payment for its electric vehicles. The cryptocurrency jumped 15 percent on the news to more than ...
As detailed in a broad SEC filing this week, Tesla gave investors an update on its Bitcoin holdings. Parsing through the disclosure, it boils down to this: Tesla bought around $1.5 billion in ...
The ability to list Bitcoin at fair market value will help firms like Tesla, but could also lead other companies to add crypto to their treasuries.