16:08
TESLA HAS MADE $1 BILLION FROM ITS BITCOIN INVESTMENT IN JUST 10 WEEKS

Tesla has already made more than $1 billion (£727 million) from the bitcoin investment it made in January, thanks to the cryptocurrency nearly doubling in price over the last 10 weeks.

The electric car maker used $1.5bn of its cash reserves to buy an estimated 48,000 bitcoins earlier this year, when the cryptocurrency was trading between $30,000 and $40,000.

When bitcoin hit a new all-time high of $64,863 this week, Tesla’s bitcoin holdings were briefly worth more than $3bn, though this has since retreated as the asset’s price dropped slightly. At the time of writing, bitcoin was trading at around $61,700.

Sourse: independent.co.uk

Start mining bitcoin now

Start trading bitcoin now

Category: News | Views: 128 | Added by: danyagames2007 | Tags: #Bitcoin #Bitcoin Price #BTC | Rating: 0.0/0
Total comments: 0
Name *:
Email *:
Code *:
[14.05.2021][News]
Bitcoin (BTC) Inflows into Crypto Exchanges Hit a 1 Year High (0)
[14.05.2021][News]
Bitcoin stabilizes after sell-off, faces resistance near 53k (0)
[14.05.2021][News]
Bitcoin Weekly Forecast: BTC clings to support, on-chain metrics show sellers' onslaught (0)
[13.05.2021][News]
TESLA HAS ONE OTHER BIG REASON FOR HALTING BITCOIN PAYMENTS (0)
[13.05.2021][News]
Bitcoin falls as Binance said to face investigations from US Justice Dept and IRS (0)
[12.05.2021][News]
SEC to Weigh Whether Bitcoin Futures Market could Accommodate ETFs (0)
[12.05.2021][News]
MoneyGram to Enable Users to Buy Bitcoin and Withdraw it From Birck-and-Mortar Locations (0)
[12.05.2021][News]
USD Index is Crashing; It Has Been Historically Bullish for Bitcoin (0)
[12.05.2021][News]
SEC Warns of Bitcoin Futures Risks in Mutual Fund Investments (0)
[11.05.2021][News]
If Bitcoin Doesn’t Rally Soon The Selloff Will Be Devastating (0)
close