Another winner from BTC’s rally: Tesla

Source: Blockchain Knight

Trump's support for Crypto assets and his firm opposition to BTC sales are obvious, while Musk, who is closely related to him, is trying to reverse his attitude towards BTC.

With the surge in BTC prices, Tesla's assets have exceeded $1 billion, and the manufacturer is now sitting on a considerable digital fortune.

However, the question remains: What will Musk do with this volatile windfall?

Tesla is a pioneer in large-scale investment in BTC, and today its choice has paid off.

Tesla has reserved 11,509 BTC on Coinbase Prime, and the value of the company's BTC holdings has reached the $1 billion threshold due to the recent surge in Crypto assets.

Since the initial investment of $1.5 billion in 2021, Tesla has been wavering between sales and retention.

Now it seems that the retention strategy is correct.

The recent rise in the price of BTC to $89,000 has increased the valuation of these assets by nearly $96.7 million in just a few days.

Here are some key numbers:

• $1 billion: the current value of Tesla's BTC

• 11,509 BTC: the number held by the company

• 9.5%: the increase recorded in 24 hours

This windfall has put Tesla back into profitable territory, but the recent flow of funds to unknown wallets has raised questions. Is this Tesla's preparation for a sale or a simple precaution? Opinions vary.

Musk's next move remains shrouded in mystery.

Musk has a record of partially selling BTC in 2022, but unexpectedly reserved 75% of Tesla's BTC, while also retaining a portion "for future use."

The alliance with Trump seems to strengthen his image as an active Crypto asset player.

But Musk did not reveal any information about the potential resale of the "dormant BTC assets" that were just reactivated last month.

On October 15, another $260 million in BTC was transferred, totaling $760 million in BTC.

The rise of BTC is tempting, but for Tesla, caution remains the most important. Musk seems to be hesitant between taking advantage of the craze or waiting for new opportunities.

As 2025 approaches, Trump, who supports Crypto assets, is about to enter the White House, and the value of BTC is likely to continue to rise, which also gives him new reasons to wait.

As we all know, the Trump-Musk duo has proven to be a fruitful alliance for the billionaire empire, whose wealth has increased with the rise of Tesla's stock (currently up 15%), and the Republican wind has brought Tesla an "extra" $20 billion in assets.