10 billion! Tesla's Bitcoin value revealed, Musk: Not that much, but close

Original title: 10 billion! Tesla's Bitcoin value exposed, Musk: Not that much but very close Source: Lei Technology

On July 29, Tesla investor Dave Lee revealed the number and value of Bitcoin held by Tesla on Twitter. According to Dave Lee, as of June 30, Tesla held 42,069 Bitcoins, and based on the price of $35,040 on that day, its total value was as high as $1.47 billion (about RMB 9.5 billion).

Tesla CEO Musk immediately responded to the tweet and said, "We don't have that many Bitcoins, but we're close." This means that Tesla may hold about 42,000 Bitcoins. Compared with June 30, the price of Bitcoin has risen a lot, approaching $40,000 per coin. According to today's price, its total value will be as high as $10.9 billion.

No wonder Musk has been supporting Bitcoin. It turns out that he holds more than 40,000 Bitcoins. Tesla spent $1.5 billion to buy a large amount of Bitcoin in February this year. The price at that time was much higher than the current $40,000. Therefore, even if the total value at this stage exceeds $10 billion, Tesla is still losing money.

Musk can be said to have shaken the value of Bitcoin many times by himself. In February, Tesla bought a large amount of Bitcoin, which gave all investors hope and directly led to a large increase in the price of Bitcoin. Later, Musk announced that Tesla would support Bitcoin payments, and then its price rose several times, reaching a peak of around $60,000.

The continued rise of Bitcoin has stimulated a large number of investors to pour in. But the good times did not last long. Musk later tweeted that Bitcoin mining is not environmentally friendly and Tesla no longer supports Bitcoin payments. Bitcoin fell a lot overnight, and a large number of investors went to Musk's Twitter to scold him. Some investors even united to form an anti-Musk alliance and launched the "FuckElon" virtual currency to boycott and fight Musk.

This farce did not last long before many countries around the world announced that they would strictly regulate Bitcoin. China also issued a statement to crack down on all virtual currency financial transactions and clean up all Bitcoin mines. After this series of measures were launched, Bitcoin began to plummet, even falling below $30,000.

Investors naturally do not want to see Bitcoin burst like a bubble, and they continue to support it. After this period of fluctuation, Bitcoin has shown an upward trend again, and its value has reached $40,000. It seems that it is unlikely to completely suppress Bitcoin, but it should not surge. I wonder when Musk plans to sell the Bitcoin he holds?