{"id":1250,"date":"2024-10-16T20:33:10","date_gmt":"2024-10-16T20:33:10","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1250"},"modified":"2024-10-16T20:33:10","modified_gmt":"2024-10-16T20:33:10","slug":"if-you-invested-1000-in-bitcoin-when-tesla-bought-the-leading-cryptocurrency-heres-how-much-youd-have-today","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1250","title":{"rendered":"If You Invested $1,000 In Bitcoin When Tesla Bought The Leading Cryptocurrency, Here&#8217;s How Much You&#8217;d Have Today"},"content":{"rendered":"<div>\n<p>Leading cryptocurrency <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) hit new all-time highs in March 2024 and could be headed to higher highs ahead of the<a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41336897\/3-reasons-why-a-bitcoin-all-time-high-before-the-election-is-back-in-play\"> 2024 presidential election.<\/a><\/p>\n<p>Here&#8217;s a look back at the purchase of the cryptocurrency by <strong>Tesla Inc <\/strong>(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/TSLA#NASDAQ\">TSLA<\/a>) and how much investors could have made following the lead of the electric vehicle company.<\/p>\n<p><strong>What Happened: <\/strong>While <strong>MicroStrategy <\/strong>may have led the way with adding Bitcoin to their balance sheet and holding the leading cryptocurrency since 2020, Tesla is not far behind with a purchase that was made in January 2021<a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/21\/02\/19533368\/tesla-invests-1-5b-in-bitcoin-expects-to-accept-crypto-as-payment-in-the-future\"> disclosed in February 2021<\/a> to investors.<\/p>\n<p>Tesla announced on Feb. 8, 2021 that it purchased $1.5 billion worth of Bitcoin. The purchase helped boost the price of Bitcoin that day as it was viewed as a key catalyst for the future of cryptocurrency.<\/p>\n<p>Tesla<a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/21\/04\/20804360\/tesla-sold-272m-bitcoin-in-q1-musk-responds-to-portnoys-allegations-of-pump-and-dump\" target=\"_blank\" rel=\"noreferrer noopener\">\u00a0later announced it<\/a>\u00a0sold $272 million of its Bitcoin in the first quarter, which it said had a &#8220;positive impact&#8221; on its quarterly profitability with $128 million in proceeds from Bitcoin.<\/p>\n<p>In fiscal 2022, Tesla\u00a0<a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/07\/28141259\/tesla-q2-earnings-highlights-revenue-miss-eps-beat-bitcoin-converted-to-fiat-record-breaki\" target=\"_blank\" rel=\"noreferrer noopener\">announced the sale\u00a0<\/a>of 75% of its Bitcoin during the second quarter, bringing in $936 million in cash to its &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41368330\/if-you-invested-1-000-in-bitcoin-when-tesla-bought-the-leading-cryptocurrency-heres-how-mu\" alt=\"If\" you invested in bitcoin when tesla bought the leading cryptocurrency here how much have today>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Leading cryptocurrency Bitcoin (CRYPTO: BTC) hit new all-time highs in March 2024 and could be headed to higher highs ahead of the 2024 presidential election. Here&#8217;s a look back at the purchase of the cryptocurrency by Tesla Inc (NASDAQ:TSLA) and how much investors could have made following the lead of the electric vehicle company. What [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1250","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1250"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1250\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}