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Tesla is Still HODLing 11.5K BTC
Summary: Tesla continues to hold its 11,500 Bitcoin (BTC) stash, acquired in late January 2021 at an average price of around $32,000 per coin. Despite market fluctuations, the electric car giant has held onto its Bitcoin investment for over three years, and it’s paid off. With Bitcoin currently trading well above their purchase price, Tesla is ...
Tesla continues to hold its 11,500 Bitcoin (BTC) stash, acquired in late January 2021 at an average price of around $32,000 per coin. Despite market fluctuations, the electric car giant has held onto its Bitcoin investment for over three years, and it’s paid off. With Bitcoin currently trading well above their purchase price, Tesla is up approximately $300 million on their initial investment, demonstrating the company's commitment to its crypto holdings.
This steadfast approach aligns with Tesla's broader strategy of diversifying its assets and exploring alternative investments. By maintaining their Bitcoin position through volatile market conditions, Tesla has not only benefited financially but also signaled its belief in the long-term potential of cryptocurrency. This move continues to garner attention from both investors and the broader crypto community, further cementing Tesla's role as a major player in the digital asset space.
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