Gently selling “a few Bitcoins”, Elon Musk’s Tesla made a profit of nearly 2400 billion VND

Elon Musk’s Tesla company just sold a certain amount of Bitcoin.

In the financial report of the first quarter of 2021, Tesla company of billionaire Elon Musk announced that it has reached the revenue of $ 10 billion, of which the profit reached 500 million. More specifically, the money earned from investing in Bitcoin accounted for 20% of the profit, about more than 100 million USD (~ 2400 billion VND).

Earlier in February 2021, Elon Musk said that electric car manufacturer Tesla had bought an extremely large amount of Bitcoin, equivalent to $ 1.5 billion. With this cryptocurrency rising from under $40,000 to over $60,000, Tesla’s fortune has expanded by nearly $1 billion in just a short time. This can be considered a terrible profit margin that every corporation must dream of.

According to Elon Musk, he said he still kept his Bitcoin amount without selling it at all. The part Tesla has just released is only a very small amount for the purpose of “beautifying” the quarterly financial report. Going forward, Elon Musk will continue to believe in Bitcoin and will buy more if given the opportunity.

As noted by the market, with the current surge in price, Bitcoin and Crypto will continue to increase in the near future. This can be considered as bad news for the gaming community. When the price of virtual currency is increasing, “farmers” will actively buy graphics cards to mine. Thus, the opportunity for gamers to access high-end computer components is becoming more and more difficult.