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Crypto Winter Shrinks Tesla's Bitcoin Investment by Nearly $600M

 


The Bitcoin Treasuries website tracks the performance of well-known Bitcoin investments, which for months have not been led by the mining companies, but by the well-known Bitcoin advocates Microstrategy and Tesla.


A look at the most recent overview should certainly bring tears to the eyes of Michael Saylor , the head of Microstrategy. At around $2.7 billion, his loss from Bitcoin investments exceeds his company's total market capitalization of around $1.9 billion.


Tesla with better proportions can remain calm

But of course Tesla cannot be satisfied with the performance of the system either. Of the $1.5 billion invested, only $916 million would remain if the position were liquidated today. That would correspond to a whopping loss of almost 600 million dollars.

In contrast to Microstrategy, however, the dimensions fit the company in such a way that Tesla does not need to worry. Because the Bitcoin stake accounts for only around ten percent of the cash position and around 0.1 percent of the total market capitalization of the US electric car maker. Bitcoin Treasuries assumes an average purchase price of around $48,000 per BTC. Microstrategy had also made additional purchases at much higher prices.

Where the two companies are similar again is the planned handling of the investment. By announcing its investment , Tesla had made it clear that the position was not intended for active trading. Rather, Tesla wanted to hodle the bitcoins. This is also the approach at Microstrategy .


In this respect, neither one nor the other has suffered a real loss so far. When spring and even summer follow the crypto winter, the tide would quickly turn for both major investors. After all, Tesla has already announced a value of over two billion dollars for its Bitcoin investment. So the only questions are how diamond are the hands of Tesla boss Elon Musk and Microstrategy boss Michael Saylor and where is the crypto market headed in the longer term?


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