Yes, Tesla still owns bitcoin. The electric car company announced in February that it had bought $1.
5 billion worth of the cryptocurrency. The move sent shockwaves through the financial world and caused the price of bitcoin to soar.
Tesla’s bet on bitcoin has paid off so far. The value of the cryptocurrency has more than doubled since the company’s announcement.
Tesla has not sold any of its bitcoin holdings and remains one of the largest corporate investors in the digital currency.
The move by Tesla is a strong vote of confidence in bitcoin and its long-term prospects. While the price of bitcoin is notoriously volatile, Tesla’s investment shows that there is real interest from big companies in the digital currency.
The future of bitcoin remains uncertain, but Tesla’s continued support suggests that the cryptocurrency has a bright future ahead.