Re: Tesla make 1 billion profits from it Bitcoin holding

Quote from: BIN-BIN on October 14, 2021, 01:42:11 PM

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

Apart from profiting from the increase in their share price, Tesla also benefits from the increase in the value of the bitcoins they hold. I want to speculate, Tesla definitely won't sell their bitcoins, I believe their target price is above $100k/btc.