Elon Musk’s Tesla Up Over $1 Billion On Bitcoin Investment

Elon Musk’s Tesla is now over $1 billion in the green on its Bitcoin financial investment as the rate nears $58,000 for the very first time considering that early May.

Currently Tesla holds about 43,200 BTC, worth almost $2.5 billion at the time of composing. The business purchased approximately $1.5 billion worth of Bitcoin back in February when it initially included Bitcoin to its balance sheet.

In Q2, Tesla offered 10% of its Bitcoin holdings at a typical rate of around $50,000 per token. CEO Elon Musk later on required to Twitter to clarify that Tesla offered 10% of its BTC holdings to show the possession’s liquidity and practicality as an option to money on its balance sheet.

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