Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Bitcoin (BTC)
  • News

Elon Musk’s Tesla Gains Over $1 Billion in Less Than 45 Days of 1.5 Billion in BTC Purchase

Tobi Loba February 22, 2021 3 min read
Elon Musk Reveals When Tesla Will Start Accepting Bitcoin, Confirms Tesla Sold 10% of Its BTC Holdings

Tesla, the electric car manufacturing company led by Elon Musk, purchased a whopping $1.5 billion worth of Bitcoin (BTC) a couple of days ago. It was a huge and least-expected purchase at that time.

The announcement of the huge buy shook not just the crypto space, but the whole world, boosting the popularity of the flagship cryptocurrency Bitcoin (BTC) further.


trade now

What needs to be noted currently about the investment is the profit already accrued by Tesla in less than 45 days of the huge buy.

Read Also: Bitcoin (BTC) Would Drop to $1,760 before Massive Upsurge –Popular Elliot Trader Predicts

Tesla Has Gained Over $1 Billion in Its Bitcoin (BTC) Investment

A well-known Bitcoin maximalist in the crypto space, Anthony Pompliano, has recently called the attention of the cryptocurrency community to the whopping gain already accrued by the electric car manufacturing company, Tesla.

According to Pompliano, Tesla’s return on its investment is now worth over $1 billion. He said the company bought the cryptocurrency when it was trading around $33,000.

Anthony Pompliano tweeted, “Tesla bought $1.5 billion of Bitcoin around $33,000. That means they have now made over $1 billion on that investment in less than 45 days. Elon Musk is a legend.”

Tesla bought $1.5 billion of Bitcoin around $33,000.

That means they have now made over $1 billion on that investment in less than 45 days.

Elon Musk is a legend.

— Pomp 🌪 (@APompliano) February 21, 2021

Meanwhile, Pompliano had taken to Twitter on 17th February to reveal that Tesla has recorded more profit than the whole of 2020 in just a few days of investing in Bitcoin (BTC).

Read Also: Tim Draper Doubles Down On His $250,000 for Bitcoin (BTC) By the End of 2022

Pompliano wrote, “Tesla reported $721M in profit last year. They’ve already made ~$725M off their Bitcoin investment. Elon Musk is a legend.”

Tesla reported $721M in profit last year.

They've already made ~$725M off their Bitcoin investment.

Elon Musk is a legend.

— Pomp 🌪 (@APompliano) February 17, 2021

Bitcoin growing from $57K to $1M is the same as Going from $3.2k to $57K

A pseudonymous crypto enthusiast has shocked a vast number of cryptocurrency community members on Twitter, after comparing the trend of Bitcoin to $1 million from its current prices to the trend of Bitcoin from $3,200 level to current prices around $57,000.

The user known as Stack Hodler pointed out that their percentages are the same, indicating that Bitcoin (BTC) could simply hit $1 million with the same trend it maintained to record the current prices.

Read Also: Visa Gives Coinbase the Right to Issue Bitcoin Debit Cards

Stack Hodler, “In percentage terms, Bitcoin growing from $57K to $1M is the same as going from $3,249 to $57K.”

In percentage terms, Bitcoin growing from $57K to $1M is the same as going from $3,249 to $57K.

— Stack Hödler (@stackhodler) February 20, 2021

The tweet has since gained lots of reactions despite having less than 2,000 followers on Twitter.


Follow us on Twitter, Facebook, Telegram, and Download Our Android App

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: VeChain (VET) Makes the List of Top 10 Trending Digital Currencies in Europe
Next: Vitalik Buterin: Ethereum Is Set For the First Hard Fork of the ETH 2.0

Related Stories

Evaluating the Possibilities of Tron (TRX) Unleashing Its Volatility
2 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • News
  • Price Analysis
  • Tron (TRX)

Evaluating the Possibilities of Tron (TRX) Unleashing Its Volatility

August 14, 2022
What is a Bear Trap in Trading and How Does It Work?
11 min read
  • Crypto Trading
  • Guide
  • News

What is a Bear Trap in Trading and How Does It Work?

August 13, 2022
Bitcoin (BTC): What to Expect in Upcoming Months Following Present Developments
3 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • News
  • Price Analysis

Bitcoin (BTC): What to Expect in Upcoming Months Following Present Developments

August 13, 2022

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$24,542.00
0.01%
ethereum
Ethereum (ETH)
$1,984.30
-0.21%
tether
Tether (USDT)
$1.00
-0.03%
usd-coin
USD Coin (USDC)
$1.00
-0.10%
binancecoin
BNB (BNB)
$323.59
-1.67%
cardano
Cardano (ADA)
$0.58
2.29%
ripple
XRP (XRP)
$0.383170
0.20%
Binance USD
Binance USD (BUSD)
$1.00
0.00%
polkadot
Polkadot (DOT)
$9.17
-3.54%
dogecoin
Dogecoin (DOGE)
$0.078166
6.17%

Recent Posts

  • Evaluating the Possibilities of Tron (TRX) Unleashing Its Volatility
  • What is a Bear Trap in Trading and How Does It Work?
  • FxCapital360 Review – Is FxCapital360 Scam or a Proper Broker?
  • Bitcoin (BTC): What to Expect in Upcoming Months Following Present Developments
  • All You Need To Know About Virtual Asset Service Provider (VASP)
  • Animoca Co-Founder Says Web3 Requires More Developers For A True Decentralized Environment
  • Nvidia Launches New Developer Tools To Up Its Metaverse Bet
  • Velocity Trade Review – Is Velocity Trade Scam or a Proper Broker?
  • Assessing Reasons Behind Polygon’s (MATIC) Recent Price Uptick
  • Blockchain vs. Database: How Do They Differ?
  • Paper Wallets: How To Secure Your Crypto Assets
  • New Report Says Nigeria Has Become the Most Crypto-obsessed Country
  • Institutional Demand for BTC Is Insatiable, Says Kevin O’Leary
  • Money-Laundering And Wash Trading In NFTs – All You Need To Know
  • Alfabtc Review – Is Alfabtc Scam or a Proper Broker?

Categories

You may have missed

Evaluating the Possibilities of Tron (TRX) Unleashing Its Volatility
2 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • News
  • Price Analysis
  • Tron (TRX)

Evaluating the Possibilities of Tron (TRX) Unleashing Its Volatility

August 14, 2022
What is a Bear Trap in Trading and How Does It Work?
11 min read
  • Crypto Trading
  • Guide
  • News

What is a Bear Trap in Trading and How Does It Work?

August 13, 2022
FxCapital360 Review – Is FxCapital360 Scam or a Proper Broker?
4 min read
  • Cryptocurrency Brokers News and Reviews

FxCapital360 Review – Is FxCapital360 Scam or a Proper Broker?

August 13, 2022
Bitcoin (BTC): What to Expect in Upcoming Months Following Present Developments
3 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • News
  • Price Analysis

Bitcoin (BTC): What to Expect in Upcoming Months Following Present Developments

August 13, 2022
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%