Bitcoin (BTC) $62,769.40 -2.12%
Ethereum (ETH) $1,779.42 -1.66%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 75.828041 -1.47%
Cardano (ADA) $0.16 -4.44%
Chainlink (LINK) $7.91 -1.44%
Litecoin (LTC) $43.50 -2.79%
Dash (DASH) $33.98 -1.63%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.212834 -3.72%
X-Cash (XCASH) 2.0E-6 0.00%
Dogecoin (DOGE) $0.00 -8.23%

Cryptocurrencies: 29432

Markets: 111449

Market Cap: $2,162,976,616,419

24h Vol: $49,580,137,581

CryptoGlobe

2021-02-22 13:29:00

Tesla’s Bitcoin Bet Made It $1 Billion in Profit, Analyst Estimates

Tesla’s Bitcoin Bet Made It $1 Billion in Profit, Analyst Estimates

Daniel Ives, an analyst at Wedbush Securities, has estimated that Tesla’s $1.5 billion bet on bitcoin has made it roughly $1 billion in profits as the price of the flagship cryptocurrency goes up. According to CNBC, Ives wrote that the company is on “a trajectory to make more from its Bitcoin investments than profits from […]

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