Tesla invested in bitcoin three years ago, and their $1.5 billion investment has now grown to $1 billion. With 11,509 BTC, Tesla is now the fourth largest bitcoin holder among listed companies. In February 2021, the company announced its investment in bitcoins to diversify and maximize returns. Since then, the value of the company’s BTC holdings has more than doubled, reaching $495 million by early November, and has exceeded $89,000.
Elon Musk’s strategic decision to invest in bitcoin has paid off and has been a significant turning point in the development of digital finance. Many market players and analysts are closely watching how Tesla’s policy will affect the cryptocurrency market as a whole.
