Very close to a president favorable to cryptos and firmly opposed to bitcoin sales, Elon Musk is reviewing his approach towards this flagship crypto. As the BTC surge pushes Tesla's assets beyond $1 billion, the manufacturer is now sitting on a considerable digital treasure trove. However, the question remains open: what will Musk do with this volatile jackpot?
Tesla and Bitcoin: a fruitful digital adventure
Tesla, a pioneer among large companies to have invested massively in bitcoin, today sees its choice rewarded. With 11,509 BTC in reserve on Coinbase PrimeElon Musk's firm reached the capa billion dollars thanks to the recent surge in cryptos.
Since his initial investment of $1.5 billion in 2021Tesla nevertheless oscillated between sales and retention. A strategy which now seems fruitful: the recent increase in the BTC price to $89,000 has made it possible to value these assets by nearly $96.7 million additional in just a few days.
Some numbers to remember:
- $1 billion: current value of Tesla’s bitcoins;
- 11,509 BTC: volume held by the company;
- 9.5%: increase recorded over 24 hours.
This windfall now offers Tesla a return to profitable territory, but the recent movements of its funds towards unknown portfolios raise questions. Preparation for sale or simple precaution? Opinions are divided.
Elon Musk: between crypto loyalty and strategic questions
Mystery hovers around Elon Musk's next move. With his history of partial sale in 2022Musk surprised by putting aside 75% of Tesla's bitcoins, but still keeping a portion “for the future”. While the alliance with Trump seems to strengthen his image as a crypto-proactive actor, Musk is not letting anything filter out regarding a possible resale of his BTC assets, which have been dormant for two years and were just reactivated last month.
The rise in Bitcoin is tempting, but caution remains in order, we would say at Tesla. Elon Musk seems to be hesitating between capitalizing on this boom or waiting for new opportunities. As 2025 approaches, with a pro-crypto Trump in the White House, this value may well continue to rise and give him new reasons to wait.
We know that the Trump-Musk duo is proving to be a fruitful alliance for the billionaire's empire, whose fortune is soaring with Tesla shares (+15%), bringing him an additional $20 billion thanks to the Republican wind.
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