Post
Topic
Board Bitcoin Discussion
Re: Tesla make 1 billion profits from it Bitcoin holding
by
Finestream
on 07/11/2021, 14:52:04 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


Yes, investors are surely ripping their profits already as early as 4th week of October (last month) as bitcoin have reached another ATH.
But in the case of Tesla, it is just an estimated profit because Tesla haven't sold their bitcoins yet so it's safe to presume that it's just an unrealized profit or gain, maybe it's not their goal yet so possibly we can see another circus moves from Elon Musk to eventually force the value of btc to break another record this year or maybe not because they are trying to hold it for another few years.