Yahoo Crypto Market • October 7th 2026, 12:00 PM
Tesla Sold 75% of Its Bitcoin at $29,000. Bitcoin Is Now $84,000.
Key Summary
Tesla sold 75% of its Bitcoin at $29,000 in 2022, but its current value is nearly three times that amount, sparking debate over whether the decision was reckless or prudent. The company retained 11,509 Bitcoin worth $970 million, which has grown in value to $2.7 billion at $84,000 per coin.
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Financial Context## The article highlights the S&P 500, Dow Jones, Nasdaq, and Russell 2000 indices, which were affected by the COVID-19 lockdowns in China and their impact on Tesla's financial stability.## ## Historical Background## Tesla originally purchased $1.5 billion worth of Bitcoin in early 2021. In 2022, the company sold approximately 75% of its Bitcoin at $29,000, when the cryptocurrency was trading around $29,000.## ## Analysis## The decision to sell most of its Bitcoin to
#Bitcoin#US#Crypto#SEC#Tesla