The value of (BTC) has risen greater than 50% since Tesla (NASDAQ:) unveiled its BTC gross sales of round $1 billion in July 2022. In different phrases, the Elon Musk-owned electrical automotive maker would have earned $500 million further {dollars} if he had waited till immediately to promote.
Tesla infamously dumped practically $936 million of its whole bitcoin holdings in Q2 2022, representing 75% of its remaining reserves, to safe a revenue of $64 million. On the time, Bitcoin was buying and selling round 70% decrease than its all-time excessive of $69,000 in November 2021.
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