Tesla Bitcoin Holdings Surpasses $1 Billion Mark Despite No More Buying
Key Points:
- Tesla Bitcoin holdings have exceeded $1 billion again, benefiting from recent price surges and holding steady with 11,509 BTC.
- The company’s initial $1.5 billion Bitcoin purchase in 2021 has seen fluctuations, but Tesla has retained its current holdings without further acquisitions.
Tesla Bitcoin holdings have once again crossed the $1 billion mark amid a record-high price of the cryptocurrency.
Read more: Bitcoin Reserve Strategy Expected to Be Approved in Trump’s First 100 Days
Tesla Bitcoin Holdings Rebound Above $1 Billion Mark
According to Arkham Intelligence, Tesla currently has 11,509 Bitcoins on the Coinbase Prime platform – about $1 billion at a rate of $87,206 per Bitcoin. The Tesla Bitcoin holdings gained $96.77 million in just a few days, putting Tesla’s stake back in unrealized profit.
Tesla initially bought Bitcoin back in the first quarter of 2021, spending $1.5 billion on the cryptocurrency. Since then, the company has sold some of its stash, and its total Bitcoin assets have fallen below the billion-dollar level.
Despite this, Tesla has kept the rest of its Bitcoin and has neither sold nor added to the current position until now, continuing with its steady position that has risen high. The valuation gain reportedly comes from the surge in price of Bitcoin recently and not by additional buys from Tesla.
MicroStrategy Surpasses Tesla on Aggressive Bitcoin Purchases
The resurgence of institutional interest in cryptocurrency has been marked by growing anticipation of U.S. spot Bitcoin ETFs and the re-election of a crypto-friendly administration.
Tesla adopted a conservative strategy compared to other companies such as MicroStrategy, led by Michael Saylor added 27,200 BTC to his company’s stash not so long ago, taking its total to 279,420 BTC and over $24 billion in value.
Tesla still appears committed to the Bitcoin it already owns, while MicroStrategy’s approach is much more aggressive, with Saylor repeating the company’s long-term pledge to expand its hoard of Bitcoins.
| DISCLAIMER: The information on this website is provided as general market commentary and. does not constitute investment advice. We encourage you to do your own research before investing. |
Author
News
Tesla Bitcoin Holdings Surpasses $1 Billion Mark Despite No More Buying
Key Points:
- Tesla Bitcoin holdings have exceeded $1 billion again, benefiting from recent price surges and holding steady with 11,509 BTC.
- The company’s initial $1.5 billion Bitcoin purchase in 2021 has seen fluctuations, but Tesla has retained its current holdings without further acquisitions.
Tesla Bitcoin holdings have once again crossed the $1 billion mark amid a record-high price of the cryptocurrency.
Read more: Bitcoin Reserve Strategy Expected to Be Approved in Trump’s First 100 Days
Tesla Bitcoin Holdings Rebound Above $1 Billion Mark
According to Arkham Intelligence, Tesla currently has 11,509 Bitcoins on the Coinbase Prime platform – about $1 billion at a rate of $87,206 per Bitcoin. The Tesla Bitcoin holdings gained $96.77 million in just a few days, putting Tesla’s stake back in unrealized profit.
Tesla initially bought Bitcoin back in the first quarter of 2021, spending $1.5 billion on the cryptocurrency. Since then, the company has sold some of its stash, and its total Bitcoin assets have fallen below the billion-dollar level.
Despite this, Tesla has kept the rest of its Bitcoin and has neither sold nor added to the current position until now, continuing with its steady position that has risen high. The valuation gain reportedly comes from the surge in price of Bitcoin recently and not by additional buys from Tesla.
MicroStrategy Surpasses Tesla on Aggressive Bitcoin Purchases
The resurgence of institutional interest in cryptocurrency has been marked by growing anticipation of U.S. spot Bitcoin ETFs and the re-election of a crypto-friendly administration.
Tesla adopted a conservative strategy compared to other companies such as MicroStrategy, led by Michael Saylor added 27,200 BTC to his company’s stash not so long ago, taking its total to 279,420 BTC and over $24 billion in value.
Tesla still appears committed to the Bitcoin it already owns, while MicroStrategy’s approach is much more aggressive, with Saylor repeating the company’s long-term pledge to expand its hoard of Bitcoins.
| DISCLAIMER: The information on this website is provided as general market commentary and. does not constitute investment advice. We encourage you to do your own research before investing. |
Other Posts
Related Posts
Latest
Nexon and Wemade Confirm No Plans to Profit from Bitcoin Holdings
Press Release
Arcana Network Launches the First Ever Chain Abstraction Wallet, Ushering a New Era of Multi-Chain Transactions
