Elon Musk’s Tesla has achieved over $1 billion in valuation for its Bitcoin holdings. The vehicle production company, which had accumulated 11,509 BTC, has now achieved approximately double the valuation of its BTC holdings compared to the beginning of the year.

Tesla's $1.5 billion Bitcoin investment has grown to over $1 billion in value as the cryptocurrency reaches new all-time highs, resulting in $495 million in profits for the company.

For companies like Tesla and Lamborghini, embracing crypto may open new opportunities and even stabilize stock performance by aligning with the tech-savvy emerging tech.

Teslas strategic bet on Bitcoin has hit a major milestone, with its holdings once again exceeding $1 billion, Arkham Intelligence reports. This valuation spike aligns with a resurgent crypto bull market,

The value of Telsa's Bitcoin holdings has more than doubled since the start of this year amid a heady resurgence in crypto.