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.

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,

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.