Tesla could make more than $ 600 million from its Bitcoin investment.
According to a Jinshi report, Tesla announced changes to its capital rights policy last week and has started increasing its holdings of cryptocurrencies and gold. Most notably, it includes $ 1.5 billion worth of investments in Bitcoin. Tesla did not disclose the number of Bitcoins purchased and the average purchase price. However, the average price of Bitcoin in January was around $ 35,000, which means Tesla is expected to have around 43,000 Bitcoins. Since last month, the value of Bitcoin has increased by 45%, including 15% since Tesla announced its investment in Bitcoin. Currently, the Bitcoin exchange rate is around $ 52,000. This means that Tesla's Bitcoin could be worth up to $ 2.2 billion today and could have raised over $ 600 million in unknown investments thanks to this investment.
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