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Tesla is seeing major returns on its Bitcoin investment, now up $367 million in profit.
The company acquired 11,500 BTC in late January 2021, purchasing at an average price of around $32,000. Despite the market’s ups and downs, Tesla has held onto its Bitcoin for three years, showing a strong commitment to the asset.
This long-term hold has paid off significantly as Bitcoin’s price has climbed well beyond their entry point.
Tesla’s decision to retain its BTC position highlights growing institutional confidence in Bitcoin as a store of value and hedge against inflation.
With market sentiment currently bullish, Tesla’s gains could climb even higher if BTC continues to rally.
What do you think—is Tesla’s patience with Bitcoin a model for other corporations, or do the risks still outweigh the rewards?
The company acquired 11,500 BTC in late January 2021, purchasing at an average price of around $32,000. Despite the market’s ups and downs, Tesla has held onto its Bitcoin for three years, showing a strong commitment to the asset.
This long-term hold has paid off significantly as Bitcoin’s price has climbed well beyond their entry point.
Tesla’s decision to retain its BTC position highlights growing institutional confidence in Bitcoin as a store of value and hedge against inflation.
With market sentiment currently bullish, Tesla’s gains could climb even higher if BTC continues to rally.
What do you think—is Tesla’s patience with Bitcoin a model for other corporations, or do the risks still outweigh the rewards?
