Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Bitmine Ethereum Accumulation
    CryptoEthereumMarketNews

    Massive Ethereum Accumulation: BitMine Discloses 3.3M ETH Holdings

    This article was first published on Deythere. BitMine Immersion Technologies has just…

    By
    Jane Omada Apeh
    October 21, 2025
    image 347
    CryptoNewsSponsored Article
    From Litecoin to Hedera, the Spotlight Now Shifts to MoonBull – The Top Crypto Presale in 2025
    October 21, 2025
    Altcoin Market Cap Stalls at $1.48 Trillion as Bitcoin ETFs Drain Liquidity
    CryptoMarketNews
    Altcoin Market Cap Stalls at $1.48 Trillion as Bitcoin ETFs Drain Liquidity
    October 21, 2025
    image 341
    CryptoMarketNewsSponsored Article
    As the Fed’s Big Decision Looms, DOGE Surges, PENGU Dips, and BullZilla’s $940K Leads the Top New Meme Coins to Buy in October 2025
    October 21, 2025
    Major Update: Trump Adviser Kevin Hassett Predicts Swift End to U.S. Government Shutdown
    MarketCryptoNews
    Major Update: Trump Adviser Predicts Swift End to U.S. Government Shutdown
    October 21, 2025
  • Cryptocurrency
    Bitmine Ethereum Accumulation
    Massive Ethereum Accumulation: BitMine Discloses 3.3M ETH Holdings
    6 Min Read
    image 347
    From Litecoin to Hedera, the Spotlight Now Shifts to MoonBull – The Top Crypto Presale in 2025
    7 Min Read
    Altcoin Market Cap Stalls at $1.48 Trillion as Bitcoin ETFs Drain Liquidity
    Altcoin Market Cap Stalls at $1.48 Trillion as Bitcoin ETFs Drain Liquidity
    9 Min Read
    image 341
    As the Fed’s Big Decision Looms, DOGE Surges, PENGU Dips, and BullZilla’s $940K Leads the Top New Meme Coins to Buy in October 2025
    8 Min Read
    Major Update: Trump Adviser Kevin Hassett Predicts Swift End to U.S. Government Shutdown
    Major Update: Trump Adviser Predicts Swift End to U.S. Government Shutdown
    7 Min Read
    Bitcoin ETP UK: BlackRock Lists in London
    UK Regulators Approve BlackRock’s Bitcoin ETP: A New Era for Crypto Finance
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Tesla Profits Over $1 Billion from Bitcoin: Investment Gains Accelerate!
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > Crypto > Bitcoin > Tesla Profits Over $1 Billion from Bitcoin: Investment Gains Accelerate!
BitcoinCryptoNews

Tesla Profits Over $1 Billion from Bitcoin: Investment Gains Accelerate!

Teslas profit from Bitcoin investment. The image features a large Bitcoin symbol alongside the Tesla logo with abstract ele
Alessia Moretti
Last updated: November 12, 2024 2:12 pm
By
Alessia Moretti
Published November 12, 2024
3 Min Read
Share

Electric vehicle giant Tesla has reaped impressive profits from its Bitcoin investment, now valued at over $1 billion. With a holding of 11,509 BTC, Tesla’s decision to invest in the world’s largest cryptocurrency has proven lucrative as Bitcoin reached an all-time high of $89,560. Blockchain analysis firm Arkham Intelligence considers this a profitable step for Tesla, enhancing its portfolio and increasing its financial stability.

Contents
  • Tesla’s Bitcoin Investment and Value Surge
  • Bitcoin Transfers Within Tesla’s Portfolio
  • Other Companies’ Bitcoin Strategies

Tesla’s Bitcoin Investment and Value Surge

Tesla initially purchased $1.5 billion in Bitcoin in February 2021, aiming to diversify its cash holdings and boost returns. As of 2023, this investment has doubled in value amid the crypto market’s revival, yielding a profit of $495 million by early November. Bitcoin’s market cap surged to $1.75 trillion, surpassing silver and positioning Bitcoin as the world’s eighth-largest asset. This growth has been further supported by increasing institutional investments and rising trust in U.S. spot Bitcoin exchange-traded funds. The market has shown renewed confidence following Donald Trump’s re-election.

Bitcoin Transfers Within Tesla’s Portfolio

Tesla’s Bitcoin holdings have gained value primarily due to the rising price of BTC rather than additional purchases. Last month, Tesla transferred its BTC assets across various wallets. Experts suggest these transactions were not intended for selling but were merely a “wallet rotation.” According to Arkham Intelligence, Tesla moved its inactive Bitcoin assets in mid-October to seven new wallets, all of which remain under the company’s control.

Teslas significant Bitcoin profits. The image includes a prominent Bitcoin symbol and the Tesla logo with financial growth

Other Companies’ Bitcoin Strategies

While Tesla secures its existing Bitcoin assets, MicroStrategy has continued its aggressive Bitcoin purchases, recently adding 27,200 BTC to bring its total to 279,420 BTC. Led by CEO Michael Saylor, MicroStrategy considers Bitcoin a core treasury asset, underscoring the growing institutional trust in the asset.

Tesla’s Bitcoin investment has contributed to a 39% increase in the company’s market value, further boosting Elon Musk’s personal wealth to $320 billion. The recent rise in Bitcoin prices positively impacted Tesla’s stock, which surged 8% in after-hours trading to reach $350. Meanwhile, Bitcoin continued its momentum, rising over 9% in the past 24 hours to trade at $88,768.81.

Tesla’s profitable Bitcoin investment has bolstered the company’s financial diversification, creating a favorable sentiment in the crypto markets. Growing interest from institutional investors and increased market confidence are fueling optimism for Bitcoin’s future performance.

Tesla, Bitcoin, investment gains, market cap, institutional investors

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Altcoin Market Cap Stalls at $1.48 Trillion as Bitcoin ETFs Drain Liquidity

Pepe Price Prediction: Can It Hit $0.000018 in 2025? MoonBull Whitelist Could Be the New Meme Coin Jackpot – Join Now

Missed the Brett Train? MoonBull Whitelist Is Almost Full – Catch the Next Top Meme Coin to Watch

Best Coins to Join This Weekend Featuring Qubetics Presale Success, Polkadot’s Expansion, and Near Protocol’s Scalability

Lido Unveils New Cross-Chain Staking with Chainlink’s CCIP Integration

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByAlessia Moretti
Alessia Moretti is a blockchain and cryptocurrency analyst with 7 years of experience in the field. With a strong foundation in economics and a passion for technology, Alessia has been involved in a variety of international blockchain projects, focusing on the development of decentralized applications and financial products. Her work is characterized by a deep understanding of both the technical and economic aspects of blockchain technology. At DT NEWS, Alessia provides readers with in-depth analysis of global blockchain trends and market movements, helping them stay informed about the future of digital finance.
Previous Article Russia to Launch Digital Asset Platform for Emerging Markets Russia to Launch Digital Asset Platform for Emerging Markets
Next Article XRPs potential rise towards the 1.5 target with a prominent XRP symbol ascending on a digital chart background. The image XRP Eyes 100% Surge with $1.5 Target in Sight!
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production
crypto 2024 1200x720
Decentralized Identity Emerges as a Catalyst for Data Privacy Renaissance
space
Tech Giant Announces Breakthrough in Quantum Computing
worldwide protest
Worldwide Protests Demand Action on Climate Change
global
Global Economic Forecast Reveals Slow Recovery Post-Pandemic
solar power
Revolutionary Solar Power Technology Unveiled

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English
  • Português (Portuguese)