Tesla's $ 1.5 Billion Bitcoin Investment Brings Impressive Electric Vehicle Manufacturer profit.
Tesla acquired BTC for $ 1.5 billion in January. The company did not disclose the average purchase price and the total number of MTC on its balance sheet.
Given that Bitcoin traded in Januarythe range of $ 29,500 - $ 37,000, for $ 1.5 billion it was possible to buy from 37,020 to 51,137 BTC. On average - 44,079 MTC. Based on this scenario, Tesla's assets have already increased in value at $ 930 million.
Last year was the first profitable for the company. In 2019, Tesla went into the red by $ 862 million, and in 2020 it received $ 721 million. Until 2019, the company did not disclose financial statements.
Given the years of net loss, it is likely that Tesla has made more profits from buying BTC than from selling its cars over the past decade.
It remains unknown how much BTC is on Tesla's balance sheet, and whether the company plans to keep it in the long term or will sell it for profit.
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