It has been 37 days since Tesla announced a $ 1.5 billion purchase of Bitcoin (BTC) registered with the US Securities and Exchange Commission.

The exact size of the BTC purchase was not revealed in the document, but with Bitcoin trading between $ 29,000 and $ 37,000 in January, Tesla’s $ 1.5 billion spending could mean the company has at least 40,000 BTC.

Based on these speculative figures and the increase in bitcoin prices since the end of January, Tesla’s minimum 40,000 BTC limit is now $ 2.2 billion. This figure equates to $ 700 million in unrealized profits.

Therefore, Tesla earned almost $ 19 million in unrealized profits daily for 37 days since the announcement of the Bitcoin purchase.

The e-carmaker generated revenue of $ 31.54 billion from 49.9550 cars sold in 2020, and generated a profit of $ 721 million. Tesla’s bitcoin ownership almost exceeded this profit margin, especially since the analysis above only assessed the minimum potential of potential Bitcoin experts for the company.

Tesla sold around 1,368 cars per day for a steady average throughout the year as a steady average, with a daily profit of $ 1.98 million.

As mentioned earlier, Tesla earned $ 19 million in unrealized earnings per day by owning bitcoin. To achieve this in its real business, the company must increase daily car sales by more than 860%, with all other factors unchanged from 2020.

Some trade bitcoin to test a bull market throughout the year, and some predictions predict a six-figure valuation for BTC, and Tesla’s unrealized gain from owning the asset could surpass car production by the order of magnitude.

The largest cryptocurrency by market value has risen almost 90% since the beginning of the year, and has grown more than tenfold in the last year.

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