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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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
NEUTRAL IMPACT
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