Tesla’s Bitcoin holdings valuation surpasses $1 billion; the profits stand at over $490 million

Elon Musk’s Tesla has achieved over $1 billion in valuation for its Bitcoin holdings. The vehicle production company, which had accumulated 11,509 BTC, has now achieved approximately double the valuation of its BTC holdings compared to the beginning of the year. The company also boasts approximately $495 million in profits from its BTC investment.

Source: Cryptopolitan