According to Arkham Intelligence data, Tesla’s Bitcoin $111,030.01 The total value of their assets reached approximately 1.25 billion dollars. The company’s hold of this amount of Bitcoin indicates that Tesla and CEO Elon Musk’s investment strategies for the crypto currency continue. However, although the USD equivalent increases, the amount of BTC at hand does not change.
Tesla’s Bitcoin Investments
Tesla, owned by Elon Musk, is known for his interest in crypto currencies. The company currently has approximately 11,900 Bitcoin. The current value of a Bitcoin is about $ 108,929, while the company’s total asset is around $ 1,257 billion. Thus, Tesla is an important crypto currency investor.
Tesla uses the Coinbase Prime Custody service for Bitcoin storage. This service allows companies to safely store large -volume crypto currency assets.
Tesla and crypto money history
Tesla had attracted attention by acquiring Bitcoin worth $ 1.5 billion in the first quarter of 2021. With this move, the company showed that it has evaluated new investment areas other than traditional financial markets. This step was discussed for a long time in the crypto currency community and finance world.
Despite the fluctuations in Bitcoin’s price, Tesla continues to keep its significant amount of assets so far. This attitude points out that the company approaches the crypto money market from a long -term perspective. In May, if Elon Musk had not blinked to China with the thesis that BTC miners had damaged the environment, he could have made much more profit today.
Latest data show that the ratio of BTC mining, which is fed by environmental energy sources, has already exceeded 50 %. However, Saylor and Musk’s online event in July 2021, although these figures were pronounced, Musk BTC and Tesla said that their sales will not continue. In his statements in the following years, when he said that he was not interested in crypto currencies as before, Dogecoin for months 
$0.245377 does not share about it either.
The approach of corporate companies to crypto currencies has advantages in terms of providing diversity despite the risk of fluctuation in the markets. The current data on Tesla’s Bitcoin policy keep the debates that companies can see digital assets as a sustainable strategy. Investors and market analysts carefully monitor the long -term effects of such moves on digital economy.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
