Tesla's $1.27 Billion Miss

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Tesla's early Bitcoin exit cost the company billions, and JP

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Morgan quietly enters the Bitcoin-backed loan game. Hey

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gang, Ross Brand, with your Bitcoin Universe: Daily Update.,

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Here's today's top three Bitcoin stories you need to know before

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you make your next move. Tesla could have made an additional

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$1.2 7 billion, if it had held on to the majority of its

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Bitcoin. According to CNBC, the company sold roughly 75% of its

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holdings in 2022 for $936 million, a move now seen as a

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major missed opportunity with Bitcoin trading around the

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$116,000 this morning, Tesla still holds about $240 million

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in Bitcoin, but the bulk was liquidated before this year's

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rally. The decision highlights the challenge of timing Bitcoin

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in corporate treasuries. A single options trader placed a

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massive $23.7 million bet on Bitcoin hitting $200,000 by the

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end of 2025. The trade is one of the largest bullish options

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plays in recent months. Analyst James van Straten says it's a

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high risk bet, but it shows the kind of upside some traders are

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still targeting, even after this year's surge. JP Morgan quietly

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enters Bitcoin-backed lending. According to multiple reports,

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JP Morgan is now offering Bitcoin-backed loans to select

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private clients, joining Goldman Sachs and other traditional

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banks that are cautiously stepping into crypto lending.

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It's a sign that legacy finance is warming to Bitcoin as

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collateral, even as public messaging stays conservative.

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Also worth noting, Robert Kiyosaki, he's the author of the

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Rich Dad, Poor Dad franchise. He warns that Bitcoin ETFs could

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lead to centralized ownership, much like how Wall Street

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absorbed gold through ETFs. However, supporters counter that

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ETFs make Bitcoin more accessible to mainstream

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investors by offering a regulated entry point. I'm

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curious to know, do you see ETFs as a path to wider adoption or a

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risk to 's decentralization? Share your takes in the

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comments. Would love to know what you think, and that's your

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Daily Update for Friday, July 25, 2025 I'm

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Ross Brand, tracking what matters in Bitcoin and helping

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you make sense of it. Find Bitcoin Universe on Substack at

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Ross Brand Bitcoin dot Substack dot com that's

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rossbrandbitcoin.substack.com. Bitcoin Universe is for

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informational purposes only and does not constitute financial

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advice.