Elon Musk, who gave the biggest support to Donald Trump, who was elected as the president of the USA, was also one of those who benefited from the rise in Bitcoin. The total value of the 11,500 Bitcoins in the hands of Musk’s company Tesla has exceeded 1 billion dollars.

Transferred but not sold

As it will be remembered, Tesla sent the BTCs in its hands to 7 different addresses last month. It seems that these Bitcoins have still not been sold. The allegations were that Tesla would receive a loan by using these BTCs as collateral.

Musk, who is one of the architects of Trump’s victory and who has both attended rallies and received great support on social media, is also known to hold Bitcoin and Ether personally.

He sold it for 29 thousand dollars

Although Musk’s Bitcoin investment seems to have paid off, when you consider that Tesla sold it for 29 thousand dollars 2 years ago, it can be assumed that it is a loss from profit situation. The company sold 31,000 of its 42,000 BTC and earned $900 million in cash. Tesla bought these BTCs in February 2021.

If Tesla still held 42,000 BTCs today, it would have $3.7 billion instead of $1 billion.