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Benzinga

Business

Chris Katje

Did Tesla Make Money On Its $1.5B Bitcoin Purchase?

Bitcoin Crypto Nasdaq Tesla Inc. Elon Musk

Electric vehicle leader Tesla Inc (NASDAQ: TSLA) was the talk of the town when it announced a $1.5 billion purchase of leading cryptocurrency Bitcoin (CRYPTO: BTC) in February 2021. The purchase rose in value over the following year but has now fallen with the crypto winter.

With two sales of Bitcoin and the remaining balance, did Tesla make money on its Bitcoin purchase?

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