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Tesla has already made $ 1 billion in profit from Bitcoin



The Bitcoin investment has paid off for Tesla. Thanks to the positive price development of the past few days, the e-car manufacturer has recorded an increase of one billion US dollars.

In February, Tesla had invested $ 1.5 billion in Bitcoin - to maximize profits from otherwise unused capital, according to a statement to the SEC at the time. This plan seems to be working. While Tesla's first billion-dollar profit in a quarter was still marred by the lull in the crypto market - Tesla had to write off $ 23 million - the electric car maker can now look forward to a Bitcoin plus of one billion dollars.

Tesla holds Bitcoin worth 2.5 billion

Tesla holds around 42,900 Bitcoin, according to Buy Bitcoin Worldwide. This is currently equivalent to a value of around 2.5 billion dollars. It is unclear whether Tesla will or already have silvered part of its Bitcoin assets. Most recently, according to CEO Elon Musk, the group sold a ten percent stake at the end of April, making a profit of $ 272 million. Musk made it clear at the time that it was merely a test of whether Bitcoin was suitable as a cash alternative in the group's balance sheet.

Incidentally, Tesla is not the only company that has invested a lot of money in Bitcoin, as the Bitcoinmagazine reports. But there is currently only one company that holds more Bitcoin than Tesla. This is a MicroStrategy that is said to own around 114,000 Bitcoin. Their value is currently over 6.5 billion dollars. The companies that own more than 1,000 Bitcoin include the payment service provider Square and the crypto exchange Coinbase. It can be assumed that other large companies will invest in Bitcoin or other cryptocurrencies in the future.

Bitcoin and Co .: Tesla is moving the crypto market

Tesla's financial involvement in the Bitcoin segment, as well as the announcement that the e-car maker would accept Bitcoin as a means of payment for its electric cars, had their share in the crypto rally in April and May, which pushed the Bitcoin price to its all-time high of over 65,000 Dollar drifted. China's crackdown, impending regulatory steps in the US and Europe, and Tesla's roll backward in terms of payments with Bitcoin caused the Bitcoin rate to crash in early summer.

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