How Much Tesla's Bitcoin Is Worth: Will Elon Musk's Company Sell Crypto As It Hits New All-Time Highs?
Portfolio Pulse from Chris Katje
Tesla Inc (NASDAQ:TSLA) owns an estimated 9,720 Bitcoin, valued at $662.1 million based on current prices. The company, which began purchasing Bitcoin in January 2021, has sold a significant portion of its holdings but still retains a substantial amount. Tesla's Bitcoin investment, initially an experiment, could see further sales as Bitcoin hits new all-time highs. Tesla also holds Dogecoin (CRYPTO: DOGE) and previously accepted Bitcoin as payment for vehicles.
March 05, 2024 | 4:47 pm
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MicroStrategy Inc, mentioned in discussions with Tesla's CEO about Bitcoin, has a plan to acquire and hold Bitcoin, contrasting Tesla's experimental approach.
MicroStrategy's mention in the context of a conversation with Tesla's CEO about Bitcoin highlights its strategy but does not directly impact its stock in the short term.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Tesla Inc holds an estimated 9,720 Bitcoin, valued at $662.1 million. The company's strategic crypto transactions have influenced its financials and may impact its stock as Bitcoin reaches new highs.
Tesla's significant Bitcoin holdings and potential sale at new all-time highs could positively impact its financials, potentially leading to a short-term positive sentiment among investors towards TSLA stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90