Bitcoin Nets Tesla $1 Billion in Profit During Q4

Elon Musk has been at the forefront of Crypto news over the past year, first announcing in January that his Car Company Tesla would add Bitcoin to its balance sheet, and later on, helping inflate the Doge’s price by regularly tweeting in support for the meme coin.

Today Tesla’s quarterly report revealed that their investment of 1.5 billion dollars has now netted them a mighty 1 billion dollars in profit. Initially, the corporation came under scrutiny, during the Q1 report after stating that they has sold $170 million dollars of the coin. Musk later explained this was done “to prove liquidity”, and test it did, because shortly after the sale Bitcoin’s price dove from around $58,000 to $29,000.

The tension between Musk and leaders in the industry has been high since, with many people blaming this initial sale to have led to the crash in May. Market manipulation aside this is a giant win for the “real-life Tony Stark”. Many are beginning to question if any other tech-centric companies will follow Tesla’s lead on this, only time will tell.