Over the last five years, Bitcoin's value has surpassed Tesla's (TSLA) stock in terms of percentage gains.

Additionally, the electric vehicle company missed out on a potential $1.27 billion profit by selling a significant portion of its Bitcoin holdings in 2022.

According to TradingView, Bitcoin's price surged by more than 1,180% over the past five years, while Tesla's stock price increased by over 806%.

Focusing on shorter time frames, Bitcoin’s performance has exceeded that of TSLA over the last year. Bitcoin saw a 139% increase, while Tesla's stock declined by over 11% during the same period.

Year-to-date figures show Bitcoin up by 49%, whereas Tesla’s stock has dropped 42%.

This remarkable performance has positioned Bitcoin as the world’s ninth-largest asset, boasting a market capitalization of $1.3 trillion, surpassing major companies like Meta Platforms, Berkshire Hathway, Visa, and JPMorgan Chase.

In contrast, Tesla ranks as the world’s 21st largest asset with a market capitalization of $455 billion, as reported by Companiesmarketcap.

Tesla was one of the initial publicly traded companies to buy Bitcoin, purchasing over $1.5 billion at around the $36,000 mark in February 2021.

Despite this early investment, Tesla liquidated about 10% of its Bitcoin holdings in March 2021 and sold roughly 75% of its reserves in the second quarter of 2022.

If Tesla had retained its Bitcoin, it would have realized a profit exceeding $1.27 billion, an 84% increase over its initial investment, based on current prices.

Tesla's remaining Bitcoin stash, totaling 11,509 BTC, is valued at over $766 million and is held with Coinbase Prime Custody, as per Arkham Intelligence.

Andrey Stoychev, head of prime brokerage at Nexo, attributes Bitcoin's 60% price increase this year largely to the approval of ten U.S. spot Bitcoin exchange-traded funds (ETFs).

He conveyed to Cointelegraph:

“U.S. spot Bitcoin ETFs’ role in elevating Bitcoin to a genuine asset class has been invaluable, with pleasing trading volumes and capital flows since launch.”

Collectively, these ten Bitcoin ETFs hold over 835,000 BTC, with an estimated worth of over $55.1 billion, according to data from Dune.

Sources:

https://cointelegraph.com/news/bitcoin-outpeforms-tesla-stock-first-time-since-2019

https://www.tradingview.com/chart/3Z94myyP/?symbol=BITSTAMP%3ABTCUSD

https://companiesmarketcap.com/assets-by-market-cap/

https://platform.arkhamintelligence.com/explorer/entity/tesla

https://dune.com/hildobby/btc-etfs