Electric vehicle manufacturer Tesla, in a statement to the US Securities and Exchange Commission, revealed how much profit it actually made from its investment in the leading cryptocurrency Bitcoin.
Tesla invested $ 1.5 billion in Bitcoin at first, then made a sale and reduced the amount. Although Tesla made sales and reduced the amount, it turned out that the net profit was more than $ 1 billion.
Tesla’s BTC Earnings Passed Billion Dollars
Tesla started to accept Bitcoin payments at that time, but canceled it due to environmental factors. CEO Elon Musk At that time, by constantly tweeting about cryptocurrencies, he actually supported DOGE and put Bitcoin to the ground. Now, it seems that Tesla has profited from this investment despite the negative efforts of its own CEO.
According to the information provided by Bitcoin Tresuries, Tesla currently owns 43,200 BTC and has an investment of $ 2.5 billion. Of course, it can be said that Tesla’s investment amount will increase when Bitcoin rises above $ 60,000 and renews the record. Tesla, which sold $128 million in BTC in the second quarter, could have added to its earnings if it had not done so.
Bitcoin is currently moving with the positive news from the SEC front and has reached over $ 60,000 on some exchanges. Bitcoin’s next target will be $64,000 and the critical $100,000. This means Tesla triples its earnings!