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02 March 2021

Tesla’s Bitcoin (BTC) Buy Now at $1 Billion in Paper Profits

Tesla’s Bitcoin (BTC) Buy Now at $1 Billion in Paper Profits


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Indeed, the company could be in line to make more profits from adding Bitcoin to its balance sheet than from its entire inventory sale for the whole of 2020.

22, 2021), Daniel Ives, a Wedbush Securities analyst has calculated that Tesla has made $1 billion in profit from its Bitcoin acquisition.

In an investment note published by Ives on Sunday, the Wedbush analyst remarked that Tesla was on course to earn more in profits from its Bitcoin investment than from the EV sales recorded in 2020.

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