It has been 37 days since Tesla announced that he had purchased $ 1.5 billion worth of Bitcoin (BTC) in his application to the US Securities and Exchange Commission.
Exactly how much BTC was purchased was not disclosed in the application, but considering that Bitcoin was between $ 29,000 and $ 37,000 in January, it is thought that Tesla purchased at least 40,000 BTC for $ 1.5 billion.
According to this predictive number and the increase in Bitcoin price since January, Tesla’s investment of $ 1.5 billion has turned into $ 2.2 billion and the company has moved to $ 700 million in profit.
In other words, Tesla has made a profit of $ 19 million every day from Bitcoin investment in the past 37 days.
The electronic vehicle manufacturer sold 499,550 vehicles in 2020, earning $ 31.54 billion and making a profit of $ 721 million.
On average, Tesla sold around 1,368 vehicles a day, making a profit of $ 1.98 million, on average for cars sold throughout the year.
Bitcoin’s daily return to the company was $ 19 million. For the company to achieve this success with its real business, it needs to increase daily vehicle sales by 860 percent.
The largest cryptocurrency has grown almost 90 percent since the start of the new year, and more than tenfold compared to last year.