Tesla's Bitcoin stash has reached a valuation of $1 billion, according to data from Arkham Intelligence. The company currently holds 11,509 Bitcoin units, equivalent to $1.003 billion. This marks a significant increase in unrealized profit for Tesla, compensating for previous sell-offs. Tesla entered the Bitcoin market in Q1 2021 with a $1.5 billion purchase and has since held onto its remaining stash. The surging performance of Bitcoin has attracted institutional investors, leading to speculation about whether Tesla will make additional purchases.
- Content Editor ( u.today )
- 2024-11-12
Tesla Bitcoin Holdings Reclaim $1 Billion Threshold