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24 February 2021

Tesla made $1B profit on its Bitcoin buy, says analyst

Tesla made $1B profit on its Bitcoin buy, says analyst


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American electric car giant Tesla has seen some massive gains from its Bitcoin (BTC) investment, reportedly having made up to $1 billion in profit, according to a new report.

An analyst at Wedbush Securities, a private investment firm in the United States, has calculated that Tesla has made “roughly $1 billion” in the aftermath of its $1.5 billion Bitcoin investment.

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MicroStrategy Buys $1.026 Billion Of Bitcoin
published: 9 minutes ago
MicroStrategy’s latest monumental bitcoin investment gives it a total of more than 90,500 BTC, purchased at an average of $23,985 per coin.

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cointelegraph.com
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