Tesla’s bag of digital gold just went interstellar—blasting right past $1 billion after Bitcoin hit record peaks. With 11,509 BTC stashed away, the EV powerhouse’s wallet keeps balloonin’ thanks to BTC’s moonbound run, which ticked up to a fat $89,560, per Arkham Intelligence. The crypto numbers game’s working out for Tesla, stacking $495 million in pure green since the year kicked off.
Back in the crypto winter of February 2021, Tesla pushed in a cool $1.5 billion on BTC, calling it a move for “more flexibility to diversify.” But the move wasn’t followed by endless buybacks or panic sales—Tesla just froze the bags in deep cold storage, eyes locked on the prize. And now? They’re seeing that long-haul HODL strategy pay in a major way, with zero dip in sight.
Crypto Craze Puts Tesla’s Stock in the Rocket Seat
Bitcoin’s market cap, rocketing to $1.75 trillion, shot it right past silver, and Tesla’s stock got a price bump too, shooting up 8% in after-hours to hit $350 a share. The re-election of Trump, a crypto-friendly player, stirred up big-boy vibes in the market, and rumors about potential U.S. Bitcoin ETFs have brought fresh blood into the BTC scene. Tesla’s stock, feeling that heat, is now firing up like Elon’s got it on a launchpad, with his net worth pegged around $320 billion.
The BTC price swell didn’t just stop at the price charts, though. Bitcoin shot up 40% just this month as election-day energy and institutional cash joined the hype. It’s safe to say Tesla’s shareholders are baskin’ in that digital glow, all while Tesla stays quiet on fresh moves.
October Wallet Shuffle Sparks Tesla Speculation
Here’s the twist—Tesla moved its BTC holdings around mid-October after nearly two years of zilch. Arkham spotted Tesla’s move, with around $765 million worth of BTC suddenly bouncing across seven brand-new wallets. Analysts say it’s likely a wallet reshuffle, not a dump, but crypto Twitter couldn’t help but wonder if Elon’s up to somethin’ stealthy.
But unlike Saylor’s MicroStrategy, Tesla’s not doubling down on BTC. MicroStrategy has no chill, adding a mega-chunk of 27,200 BTC recently. Now, they’re sittin’ on 279,420 BTC—valued at over $24 billion. Tesla’s strategy seems like the cool-kid HODL vibe, while MicroStrategy’s on a full-throttle BTC shopping spree, stacking sats like there’s no tomorrow.
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