Major

Bitcoin

when

Billion

Coin

<ul class="wp-block-list news-points">
 <li><strong>Tesla’s Bitcoin holdings surpass $1 billion after the latest price surge.</strong></li>
 <li><strong>Tesla’s BTC value gained $96 million in the latest crypto rally.</strong></li>
 <li><strong>Elon Musk’s Tesla reaps profits from the 2024 crypto resurgence.</strong></li>
</ul>
<p>Tesla’s Bitcoin investment generated strong returns. Its holdings are now worth over $1 billion due to the recent growth in the cryptocurrency market. Arkham’s data shows that the electric vehicle giant’s stock rose 8% as Bitcoin rose above $88,000.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full is-resized"><img decoding="async" width="594" height="527" src="https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-12_17-39-11.jpg" alt="" class="wp-image-544056" style="width: 100%;height:auto" srcset="https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-12_17-39-11.jpg 594w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-12_17-39-11-300x266.jpg 300w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-12_17-39-11-380x337.jpg 380w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-12_17-39-11-100x89.jpg 100w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-12_17-39-11-502x445.jpg 502w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-12_17-39-11-278x247.jpg 278w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-12_17-39-11-271x240.jpg 271w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-12_17-39-11-186x165.jpg 186w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-12_17-39-11-238x211.jpg 238w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-12_17-39-11-79x70.jpg 79w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-12_17-39-11-85x75.jpg 85w" sizes="(max-width: 594px) 100vw, 594px">
 </figure>
</div>
<p>Tesla’s portfolio grew by $96 million in the last few days, which shows a strong return on its crypto assets investment. After a two-year break, Tesla made another BTC transaction on October 15th, which led to speculation about the firm’s long-term crypto strategy.</p>
<p>In this transaction, <a href="https://x.com/ArkhamIntel/status/1856094439091110254" target="_blank" rel="noopener noreferrer nofollow">Tesla </a>moved over <a href="https://x.com/solidintel_x/status/1846294878923182462" target="_blank" rel="noopener noreferrer nofollow">11,500 BTC</a>, which was worth $765 million, from one of its wallets to another. Currently, the firm has over $771 million worth of BTC in its wallets.</p>
<h2 class="wp-block-heading" id="h-tesla-a-major-bitcoin-holder">Tesla: A Major Bitcoin Holder</h2>
<p>Tesla hogged the limelight in early 2021 when it announced its first major Bitcoin purchase. Despite crypto’s volatility, Tesla kept its Bitcoin holdings, but then stopped taking BTC payments. Still, the electric vehicle…</p>
<p>The post <a href="https://coinedition.com/teslas-bitcoin-bet-pays-off-holdings-now-worth-over-1-billion/" rel="noopener noreferrer nofollow">Tesla’s Bitcoin Bet Pays Off: Holdings Now Worth Over $1 Billion</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Tesla’s Bitcoin Bet Pays Off: Holdings Now Worth Over $1 Billion

Table of Contents

Coin Edition

Other articles published on Nov 12, 2024

Warped Games Announces Official Partnership with Mysten Labs to build on Sui (12 Nov)

Verde Asset Management Puts Faith in Bitcoin Before Trump Wins

Ethereum Foundation (EF) Releases 2024 Annual Report: A Look at its Financial Growth

SHIB & ADA Prices Surge Post-Election While Experienced Traders Are Moving Into This New Crypto C...

Crypto Whale Scores 700% Profit with This Altcoin!

Will Bitcoin Hit 100K by Year-End as Hopes Rise?

Join our free newsletter for daily crypto updates!