Tesla could hold nearly 42,000 Bitcoin – according to Elon Musk

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Tesla investor Dave Lee estimated the amount of Bitcoin held by the e-car maker based on a stock exchange announcement. Tesla boss Elon Musk has now agreed – at least almost.

In a mandatory disclosure to the US Securities and Exchange Commission, Tesla stated that the value of the Bitcoin held by the company was approximately $ 1.47 billion at the end of the second quarter. Tesla investor Dave Lee then published an invoice on Twitter, according to which Tesla must have a little more than 42,000 Bitcoin. Tesla boss Elon Musk confirmed this calculation, but it was a little too optimistic.

Specifically, Lee set the closing price for Bitcoin on June 30, 2021, which was $ 35,040. Accordingly, the Tesla investor came to 42,069 Bitcoin in the Tesla wallets. Musk answered via Twitter: “We don’t have that many Bitcoin, but it’s close.” It is not clear whether this means 42,068 or, for example, less than 40,000 Bitcoin. One fuzziness in Lee’s calculation is, for example, that the Bitcoin rate fluctuated between $ 34,155 and $ 35,189 on June 30th alone, like Bitcoin.com writes.

And who says that the notice sent to the SEC was written on June 30th – or the corresponding invoice was drawn up on that day? On June 29, for example, the Bitcoin price rose to well over $ 36,000. If you take the high price of that day, around 36,400 dollars, you would get just under 40,400 Bitcoin, analogous to Lee’s bill. How many there are, however, should only reveal an official report from the company.

In the first quarter of this year, Tesla bought Bitcoin worth $ 1.5 billion – fueling the rally that brought Bitcoin to over $ 60,000. In April, Tesla’s Bitcoin fortune is said to have reached $ 2.5 billion. Then the Bitcoin price collapsed. By the way, there is currently only one company that holds even more Bitcoin than Tesla: Microstrategy. The company is said to own over 105,000 Bitcoin.

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