TechBookyBusiness
No Result
View All Result
Thursday, July 7, 2022
  • Login
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us
Subscribe
TechBooky Business
No Result
View All Result
Home Cryptocurrency

Tesla’s Has Made About $1b From Its $1.5b In Bitcoin According To Analysts

Ibhadojemu Lucky Emmanuel by Ibhadojemu Lucky Emmanuel
February 23, 2021
in Cryptocurrency, Investment
Share on FacebookShare on Twitter

Just a few weeks ago, electric car company owned by the world’s richest man; Elon Musk announced that it had invested the sum of $1.5 billion in world’s largest crypto currency; Bitcoin. The company has reportedly made almost a billion dollars in profits from its investment in Bitcoin.

According to Daniel Ives; an analyst at Wedbush Securities, Tesla has gained around a billion dollars in paper profits from its investment in Bitcoin not up to a month ago. According to him in a note published on Saturday, he said that Tesla is on a trajectory to make more from its Bitcoin investments than profits from selling its electric vehicle cars in all of 2021. The company made the announcement that it had purchased Bitcoin worth $1.5 billion through a filing at the Securities and Exchange Commission. The company’s reason for deciding to invest in Bitcoin was simply for ‘more flexibility to diversify and maximize returns on our cash’. The company is sure maximizing returns on its cash and this does not seem to be coming to an end soon.

Tesla never revealed the price at which it acquired the crypto currency, neither did the company say when it did but announced earlier this month that it had purchased Bitcoin worth $1.5 billion at that time. The company also promised that it would start accepting Bitcoin as a means of payment for its electric car in the future.

This year has been a great year for Bitcoin. From continually topping all-time highs to hitting the trillion dollar market value mark just last week. With Bitcoin’s continual increase in value (experts project the crypto currency would hit $70,000 for one BTC before the middle of the year), Tesla’s investment in Bitcoin promises a continuous robust yield, more robust than the profits from the sale of its electric cars this year, according to Daniel Ives.

Crypto currency continues to prove to be the best way to save, invest and transact. You might want to check out our top seven reasons to invest in crypto currency by clicking here.

Total
0
Shares
Share 1
Tweet 0
Pin it 0
Share 0

Related Posts:

  • Tesla Loses $200 billion In Market Value Following Bitcoin Investment
    Tesla Loses $200 billion In Market Value Following Bitcoin…
  • Bitcoin Drops 18% After Elon Musk Tweeted That Prices ‘Seem Too High’
    Bitcoin Drops 18% After Elon Musk Tweeted That Prices ‘Seem…
  • Tesla’s Electric Vehicles Can Now Be Purchased Using Bitcoin
    Tesla’s Electric Vehicles Can Now Be Purchased Using Bitcoin
  • Jeff Bezos Back To World's Richest Man After Elon Musk Suffers Losses
    Jeff Bezos Back To World's Richest Man After Elon Musk…
  • Bitcoin Now Has A  Market Capitalisation Of $1 Trillion
    Bitcoin Now Has A Market Capitalisation Of $1 Trillion
  • Here's Why Elon Musk's Tesla Invested $1.5b Into Bitcoin
    Here's Why Elon Musk's Tesla Invested $1.5b Into Bitcoin
  • Bitcoin Falls Below $30k For The Second Time
    Bitcoin Falls Below $30k For The Second Time
  • EV Company Tesla Says It Held Almost $2 Billion Worth Of Bitcoin At The End Of 2021
    EV Company Tesla Says It Held Almost $2 Billion Worth Of…
Tags: bitcoincryptocurrencytesla
Previous Post

Apple Announces Free Repairs For Its Watch Series 5 And Watch SE Models

Next Post

Bitcoin Drops 18% After Elon Musk Tweeted That Prices ‘Seem Too High’

Next Post
Bitcoin Drops 18% After Elon Musk Tweeted That Prices ‘Seem Too High’

Bitcoin Drops 18% After Elon Musk Tweeted That Prices ‘Seem Too High’

No Result
View All Result

Get top tech business news in your inbox

subscription from
Loading

Crypto Price List

  • USD
  • EUR
  • GPB
  • AUD
  • JPY
  • TadpoleTadpole(TAD)
    $7.32-1.74%
  • SEENSEEN(SEEN)
    $2.05-2.27%
  • EvedoEvedo(EVED)
    $0.082301-0.80%
  • MarginswapMarginswap(MFI)
    $0.184213-2.11%
  • SakeTokenSakeToken(SAKE)
    $0.0127135.28%
  • WTF TokenWTF Token(WTF)
    $0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)
    $0.005461-5.83%
  • RobotinaRobotina(ROX)
    $0.00266138.50%
  • CageCage(C4G3)
    $0.005010-3.67%
  • YAM v2YAM v2(YAMV2)
    $4.70-1.41%

Recent Posts

  • Nigeria’s AutoChek Makes A New Acquisition In Francophone-focused Classified Ad Marketplace CoinAfrique
  • South African Crypto-focused Company H20 Water Securities Secures $150 Million Funding Via The Sale Of Its H20N Token
  • Financial Inclusion In Nigeria Grew To 45 Percent In 2021 – World Bank
  • Meta Is Shutting Its Novi Digital Wallet By September 1st
  • Crypto Is The Answer To Financial Inclusion, Central African Republic’s President Says Amid Huge Aversion For Its Adoption Of Bitcoin

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Get top tech business news in your inbox

subscription from
Loading

Popular Tags

Acquisition africa amazon apple bitcoin cbn china coinbase company crypto cryptocurrency e-commerce earnings earnings season elon musk facebook fintech Funding gadget google government india internet Investment ipo kenya microsoft money netflix nigeria payment payments Q1 revenue russia service shares social media Startup Stock tech tesla twitter Ukraine whatsapp

Calendar

July 2022
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jun    

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Recent News

  • Nigeria’s AutoChek Makes A New Acquisition In Francophone-focused Classified Ad Marketplace CoinAfrique
  • South African Crypto-focused Company H20 Water Securities Secures $150 Million Funding Via The Sale Of Its H20N Token
  • Financial Inclusion In Nigeria Grew To 45 Percent In 2021 – World Bank
  • Meta Is Shutting Its Novi Digital Wallet By September 1st
  • Crypto Is The Answer To Financial Inclusion, Central African Republic’s President Says Amid Huge Aversion For Its Adoption Of Bitcoin
  • Popular Bitcoin Family Reveals They’ve Had Bitcoin Losses Of Up To $1 Million This Year

© 2021 Techbooky Business - Design by Techbookyelite.

No Result
View All Result
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us

© 2021 Techbooky Business - Design by Techbookyelite.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$20,431.001.46%
  • ethereumEthereum(ETH)$1,186.334.56%
  • tetherTether(USDT)$1.00-0.08%
  • usd-coinUSD Coin(USDC)$1.00-0.12%
  • binancecoinBNB(BNB)$236.06-0.43%
  • Binance USDBinance USD(BUSD)$1.000.03%
  • rippleXRP(XRP)$0.3296852.20%
  • cardanoCardano(ADA)$0.4644801.66%
  • SolanaSolana(SOL)$37.013.44%
  • dogecoinDogecoin(DOGE)$0.0692142.74%
  • polkadotPolkadot(DOT)$7.001.53%
  • Shiba InuShiba Inu(SHIB)$0.0000111.95%
  • AvalancheAvalanche(AVAX)$19.305.85%
  • matic-networkPolygon(MATIC)$0.532.26%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000071-5.36%
Posting....