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2024- Tesla buys 1.5 Billion in BTC for an average price of 267k per BTC.

Bitcoin Reddit

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If we believe their company announcements, the bitcoins recently sold were at a profit but if you include the Bitcoin they still hold (at a loss) it’s overall 105 million down net.

This sounds like a crazy amount but for a company with circa 3 billion quarterly profit (est 12 billion annual).

Considering their first purchase was around January 2021 - that puts them at a 105 million loss over 18 months, with around 18 billion in profit (not actual) in that time….that represents 5% of their total profit.

Still quite the loss but in relative terms not exactly a disaster.


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