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Tesla

Tesla’s (TSLA) investments in Bitcoin amount to $2 billion at the end of 2021

What's in this article

In a recent filing with the SEC, Tesla has revealed that the total worth of Bitcoin held by the company at the end of the year 2021 was $2 billion. Last year, they invested $1.5 billion in bitcoin, and shortly after they announced that they have started accepting Bitcoin as a payment method.

The company now holds 48,000 Bitcoin and is the second-largest Bitcoin holder after Microstrategy, according to the data provided by Coingecko.   

Tesla
Bitcoin holdings by public companies Source: Coingecko

Tesla and Bitcoin:

Tesla is currently in the highest ranks of the companies holding Bitcoin. Elon Musk, Tesla CEO is an enthusiast of star cryptocurrency and his single tweet often changes the direction of the market. Recently Tesla has disclosed that the company now holds $2 billion worth of Bitcoin in filing with the SEC.

Last year Tesla invested $1.5 billion in Bitcoin and soon announced that they have started taking Bitcoin as a payment option in purchasing vehicles.  The same year, they said that the company is no longer accepting Bitcoin due to its high energy consumption and environmental concerns.

Later, Elon Musk tweeted that Tesla could resume taking Bitcoin as a payment option once it solves the energy consumption issues in mining.

As of now, Bitcoin is currently trading at $44,796.19 with a market capital of  $848,969,157,595.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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