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Tesla bought $1.5 billion in bitcoin early this year. By the end of March, it was worth $2.5 billion
CNN
Tesla's $1.5 billion bitcoin bet from early this year had already increased in value by more than $1 billion by the end of last month.
The company disclosed in February that it used some of its available cash to invest $1.5 billion in bitcoin. Tesla on Monday reported a record quarterly profit, disclosing it had sold 10% of its bitcoin stake, netting a $101 million profit on those sales. Tesla provided more details about its cryptocurrency holdings in a regulatory filing Wednesday, disclosing that it made a $128 million profit on some bitcoin sales, but recorded a $27 million loss on some of its other sales of the volatile digital asset.More Related News

Los Angeles man dies in jail while awaiting trial for killing and dismemberment of wife, her parents
A Los Angeles man accused of killing and dismembering his wife, her mother and her stepfather has died in jail while awaiting trial, authorities said Monday.

A slew of Democratic-led states asked a federal court on Monday to lift the Trump administration’s freeze on nearly $7 billion in public education money, accusing the Department of Education of unlawfully locking up critical funds Congress set aside to help low-income and immigrant students, among others.