Posted 2/1/2024, 10:00:12 PM
Tesla's Bitcoin Rollercoaster: $400M Remains After Missing $500M in Gains
- Tesla bought $1.5 billion in Bitcoin in Feb 2021 but sold most of it in March 2021 and June 2022, missing out on $500M in gains from BTC's price increasing in 2023
- Tesla currently holds 9,700 BTC worth $400M
- Experts think Bitcoin could reach new all-time highs in 2024, which could prompt Tesla to sell more of its holdings
- Tesla's past BTC sales have come when price rises or when Tesla needs cash, so future sales depend on price movement and Tesla's finances
- It remains to be seen in 2024 if Tesla will hold or sell its remaining Bitcoin