Tesla, which bought $ 1.5 billion of bitcoins in January, has already earned $ 1.08 billion from it. By February 19, the funds rose to $ 2.58 billion, follows from the data of the Bitcointreasuries site.
Bitcoin turned out to be more profitable for Tesla than car sales. In 2020, according to The Times, they brought the auto giant $ 721 million. Tesla is the second largest publicly traded company in the portfolio of bitcoins. MicroStrategy Inc. remains the leader of the list
The most popular cryptocurrency on the planet set a new historical record on February 20 and broke through the mark of 57 thousand dollars per coin. Since the beginning of 2021, Bitcoin has risen in price by more than 90 percent.
Earlier, Tesla investors wanted to limit Musk’s bitcoin buying initiatives. This question is going to raise the company Baillie Gifford – one of the five largest shareholders of the auto giant. Management plans to discuss with Musk the limits on the amounts that can be invested in bitcoin.