Wow,Tesla and Microstrategy Profit Trillions of Rupiah for Storing Bitcoin
JAKARTA- Tesla Inc. and Microstrategy Inc is benefiting from the significant increase in Bitcoin price.
In fact, two twins in the United States have also become billionaires after storing Bitcoin since 2012. As of today, the price of Bitcoin has reached IDR 851 million. Indodax CEO Oscar Darmawan said the two companies had been buying Bitcoin for some time.
Tesla has bought Bitcoin for $ 1.5 billion or around Rp. 21 trillion. It is estimated that Tesla's total profits to date, reach USD600 million or Rp.8.4 trillion.
“Tesla bought a large amount of Bitcoin and it wasn't as expensive as it is now. Then, in just a matter of weeks, Bitcoin went up dramatically. "Of course, the company has experienced fantastic profits as the price of Bitcoin increases," said Oscar, Tuesday (22/2). It is known, Tesla bought Bitcoin as much as 43,000 BTC (Bitcoin unit) some time ago.
At that time, the price of Bitcoin was around USD35,000 or around Rp.490 million. Now, Bitcoin has reached IDR 851 million or around USD58,000. “Tesla's total assets were initially USD1.5 billion. Currently, it is estimated that it has grown to exceed USD2.2 billion. This means, it is estimated, Tesla's assets will grow by around 45 percent after saving and buying Bitcoin, "he said.
Oscar also revealed the benefits obtained by Microstrategy Inc, which are even more fantastic, because this company has been investing in Bitcoin since 2020.
Microstrategy Inc buys Bitcoin at a much cheaper price than Tesla Inc. Where Microstrategy Inc already has 72,000 BTC or worth around IDR57 trillion. The company is buying Bitcoin in stages starting in August 2020. At that time, Microstrategy Inc's initial purchase was only 21,454 BTC. "From NASDAQ records, it is estimated that the increase in Microstrategy Inc's shares will reach 600% from August 2020 to February 2021. This means that since they bought Bitcoin, their asset valuation has increased drastically. THIS can be seen from the movement of its share price in NASDAQ, "he said. Initially, in August Microstrategy's stake in NASDAQ was only USD141. As of today, (February 22, 2021), it has reached USD927. In fact, Microstrategy Inc still wants to add Bitcoin. Finally, Microstrategy Inc announced that it wants to buy more Bitcoin worth USD600 million or around Rp.8.4 trillion. Meanwhile, there are other companies that also get fantastic profits after buying Bitcoin in large quantities, as the price of Bitcoin increases. They include Square Inc, Tudor Investment Corp and others.
“The 2012 Bitcoin price is only around USD13. Now, it's USD58,000 USD. This means that the estimated increase in his wealth is around 400 thousand percent. A really fantastic improvement. They can become multi-billionaires just by storing Bitcoin, ”said Oscar.