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.
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