Tesla's Bitcoin Holdings Gain $122.6M in a Week
- —Tesla holds 11,509 BTC worth $994.9M, just $5.1M short of $1 billion
- —The position gained $122.62M in a week as BTC rose 14%
- —Tesla has not bought or sold bitcoin for roughly four years
- —Every $1,000 move in BTC changes the value of Tesla's stash by about $11.5M
Why it matters: Tesla's corporate bitcoin reserve nearing $1 billion reinforces the narrative of corporate BTC adoption.
Source: BitNovosti