• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Tesla Increases Bitcoin Investment to Over $1 Billion

user avatar

by Giorgi Kostiuk

a year ago

Led by Elon Musk, Tesla holds over $1 billion in Bitcoin, earning significant profits due to recent price hikes.

Initial Investment and Purchase

In early 2021, Tesla invested $1.5 billion in Bitcoin, purchasing approximately 43,200 BTC. This move was influenced by CEO Elon Musk's support for cryptocurrencies.

Sales and Market Influence

Although Tesla sold part of its Bitcoin holdings, it retained a substantial amount, benefiting from the recent surge in Bitcoin's price. This decision highlighted crypto's role as an asset and inflation hedge.

Future of Cryptocurrencies at Tesla

Tesla briefly accepted Bitcoin for payments, promoting its use in commerce. While this option was later removed, Tesla's engagement with Bitcoin has left a lasting impact, encouraging companies to view cryptocurrency as a financial diversification tool.

By maintaining significant positions in Bitcoin, Tesla has encouraged other companies to consider cryptocurrencies as viable assets, which may lead to broader adoption of digital assets in corporate finance.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Faces Continued Downward Pressure Amid Market Instability

chest

Bitcoin has struggled to reclaim key resistance levels, hovering around the 69,000 price region amidst bearish market sentiment.

user avatarMohamed Farouk

CEO of Praetorian Group International Sentenced to 20 Years for Ponzi Scheme

chest

CEO of Praetorian Group International sentenced to 20 years for operating a large-scale Ponzi scheme that defrauded investors of over $627 million.

user avatarElias Mukuru

Bitcoin Whales Face Significant Unrealized Losses Amid Bear Market

chest

Bitcoin whales are facing significant unrealized losses due to the ongoing bear market, which may lead to further price declines.

user avatarBayarjavkhlan Ganbaatar

Crypto Wrench Attacks Rise by 75% in 2025

chest

Crypto wrench attacks have surged by 75% in 2025, with France leading in reported cases.

user avatarDiego Alvarez

Binance Under Investigation for Alleged Sanctions Violations

chest

Binance is under investigation for potential violations of US sanctions laws after reports of over $1 billion in transactions linked to Iran.

user avatarKenji Takahashi

Futures Open Interest Declines Significantly in Ethereum Market

chest

Significant decline in Ethereum's futures open interest with an 80 million ETH drop across major venues.

user avatarMaria Fernandez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.