CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • Fund
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$63,331.00
  • ethereum
    ETH$2,529.97
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    Home » Crypto News » Tesla’s $1.5B Bitcoin Buy Amounts to 15% of The Company’s Net Cash Holding

    Tesla’s $1.5B Bitcoin Buy Amounts to 15% of The Company’s Net Cash Holding

    Author: Anthonia Isichei

    Last Updated Feb 8, 2021 @ 17:30

    According to the SEC filing, Tesla’s recent bitcoin buy amounts to about 15% of the company’s net cash holdings.

    Following the news about Tesla’s billion-dollar investment in bitcoin, analysts reveal that the Elon Musk-led company invested around 15% of its net cash into the flagship cryptocurrency.

    • As reported by CryptoPotato earlier today, Tesla made headlines across the crypto verse after it invested $1.5 billion into bitcoin, as revealed in a 10k form filing with the U.S. SEC.
    • Meanwhile, David Lawant, a Research Analyst at Bitwise Asset Management, tweeting shortly after the bitcoin investment, noted that the company put in up to 15% of its cash equivalent in BTC.
    • According to Lawant, the SEC filing showed that Tesla has $19.4 billion in gross cash or $9.8 billion in net cash.
    • With the above figures, the Bitwise research analyst noted:

    “Using these figures as a reference, $1.5 billion in #Bitcoin represents an allocation of 7.7% on gross cash or 15.1% on net cash.”

    • Also, Tesla’s BTC investment positively affected the price of bitcoin, with the BTC price reaching a new all-time high of $44,000.
    • There were speculations back in December 2020 about whether Tesla would join the bitcoin bandwagon when Elon Musk asked Microstrategy CEO Michael Saylor questions about BTC.
    • At the time, the MicroStrategy CEO advised Musk to convert the TSLA balance sheet from USDT to BTC.
    • Saylor, in a later interview, stated:

    “If Tesla puts $1 billion dollars (in BTC) they will double their money within 12 months. If they put $2 billion in, they will probably generate a $10-billion gain. By the way, anybody could do it. If you’re a billionaire hedge fund guy, you put a billion into Bitcoin, just put it out on the wire and say you did it.”

    SPECIAL OFFER (Sponsored)
    Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

    You Might Also Like:

    • elon_musk-min
      Elon Musk Puts Bitcoin as His Twitter Bio: BTC Price Spikes $5000
    • shipwreck_cover
      $1.34 Billion Liquidated Following the Tesla-Driven Bitcoin Rally
    • Elon Musk-min
      Elon Musk: Bitcoin Is a Good Thing, I'm a Supporter of It
    Tags: Bitcoin Bitcoin (BTC) Price Elon Musk Tesla
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Anthonia Isichei
    More posts by this author

    Anthonia is a fintech writer who has been involved in the crypto space since 2017 covering developments across regulations, adoption, and several other aspects of the Industry. When not neck-deep in the crypto news cycle, Anthonia spends her free time globetrotting and playing video games.

    button
  • bitcoin
    BTC$63,331.00
  • ethereum
    ETH$2,529.97
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    bigomex
    Bitcoin Editorials
    4 Reasons Altcoin Season 2021 Has Officially Started

    4 Reasons Altcoin Season 2021 Has Officially Started

    After Tesla: Is Apple Eyeing Bitcoin? What We Could Expect to See Next (Opinion)

    After Tesla: Is Apple Eyeing Bitcoin? What We Could Expect to See Next (Opinion)

    What Is NFT? Non-Fungible Tokens Guide For Dummies

    What Is NFT? Non-Fungible Tokens Guide For Dummies

    What is BitClout? The Latest Crypto Hype – Is It Safe?

    What is BitClout? The Latest Crypto Hype – Is It Safe?

    What is Dogecoin (DOGE)? 5 Facts About the Crypto That Started as a Joke 

    What is Dogecoin (DOGE)? 5 Facts About the Crypto That Started as a Joke 

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!