Tesla is a pioneer in large-scale investment in BTC.
Source: cointribune
Translation: Blockchain Knight
Trump's support for crypto assets and his firm opposition to BTC sales are evident, while Musk, closely related to him, is trying to reverse his stance on BTC.
With the surge in BTC prices, Tesla's assets have exceeded 1 billion dollars, and the manufacturer now holds a considerable amount of digital wealth.
However, the question remains: how will Musk handle this unstable windfall?
Tesla is a pioneer in large-scale investment in BTC, and today its choices are paying off.
Tesla has reserved 11,509 BTC on Coinbase Prime, and due to the recent surge in crypto assets, the value of the BTC held by the company has reached the 1 billion dollar threshold.
Since its initial investment of 1.5 billion dollars in 2021, Tesla has been wavering between selling and holding.
It now seems that the holding strategy is the right one.
Recently, the price of BTC has risen to 89,000 dollars, increasing the valuation of these assets by nearly 96.7 million dollars in just a few days.
Here are some key figures:
- 1 billion dollars: Current value of Tesla's BTC
- 11,509 BTC: Number held by the company
- 9.5%: Recorded increase within 24 hours
This windfall has brought Tesla back into profitability, but the recent flow of funds to unknown wallets raises questions. Is this Tesla preparing for a sale, or is it merely a precaution? Opinions vary.
Musk's next move remains shrouded in mystery.
Musk has a record of partially selling BTC in 2022, but surprisingly reserved 75% of Tesla's BTC while keeping some "for future use."
His alliance with Trump seems to strengthen his image as an active player in crypto assets.
However, Musk has not disclosed any information regarding the potential resale of the "dormant BTC assets" that were just reactivated last month.
On October 15, another 260 million dollars worth of BTC was transferred, totaling 760 million dollars worth of BTC transferred.
The rise of BTC is tempting, but for Tesla, caution remains paramount. Musk seems to be hesitating between capitalizing on this surge or waiting for new opportunities.
As 2025 approaches, supporter of crypto assets Trump is set to return to the White House, and the value of BTC is likely to continue rising, giving him new reasons to wait.
It is well known that the Trump-Musk duo has proven to be a productive alliance for billionaire empires, his wealth has increased with the rise of Tesla stock (which has risen 15% now), and the Republican winds have brought Tesla an "extra" 20 billion dollars in assets.
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