Tesla's Tragic Bitcoin Trade:
Could this be the greatest fumble in the history of financial markets? 🤔
Check this out.
Tesla's #Bitcoin Portfolio Overview
Initial Holdings (as of 5/5/2022):
- Total Value: $1.55 Billion
- Bitcoin Price: $39,699.02
- Bitcoin Holdings: Approximately 39,120 BTC
Current Holdings (as of 3/7/2024):
- Total Value: $760.35 Million
- Bitcoin Price: $66,064.00
- Bitcoin Holdings: Approximately 11,510 BTC
Net Change:
- Bitcoin Sold: Approximately 27,610 BTC (70.58% of initial holdings)
Tesla's current Bitcoin investment stands at $760.35 million, with the company holding around 11,510 BTC, which is significantly less than their initial holdings of roughly 39,120 BTC.
This substantial decrease in portfolio value is primarily due to Tesla selling about 70.58% of their Bitcoin holdings. 🤯
If Tesla had not sold any Bitcoin,
Their holdings could potentially be worth around $2.58 billion at the current price of $66,064.00.
Selling approximately 27,610 BTC,
Sad to see.
Let me know your thoughts below.
Are they buying again?
Could they ever return to that 39,120 Bitcoin holding again?
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
$67,038.8
+1.52%
Give a Tip
0 people tipped the creator.
34.8k
Views
16
Likes
0
Quotes
2
Shares
8 Replies
Most Recent
Most Relevant
Addie
