Post
Topic
Board Bitcoin Discussion
Re: Tesla make 1 billion profits from it Bitcoin holding
by
perfect999
on 16/10/2021, 10:16:51 UTC
As Bitcoin price relies on around $58,000 investors are already recording their profits and one among them is Tesla, a company own and operated by Elon Musk a popular cryptocurrency whale. The company bought 43,200 Bitcoins sometime in February 2021 have yielded a 65% that is 1 billion dollars profits at the present Bitcoin price.
Credit: https://cointelegraph.com/news/elon-musk-s-tesla-is-already-1-billion-in-profit-from-holding-bitcoin
The price of bitcoin has been increasing this week, and the last twenty four hours it has already reached over $60,000 in price. The last time that I have checked,it is around $59,000 and I know by tomorrow it’s likely to reach that $60,000 again.

I am not surprised that companies are making huge profit now. I even thought that Tesla was going to sell the coins that they bought then because of what happened WITH Elon Musk saying that bitcoin is not a good cryptocurrency and the bitcoin community coming for him after he said that, and many people started to think that Tesla have sold their coins, I’m surprised that they are still holding it.