Elon Musk's Tesla Leaves Bitcoin Holdings Unchanged for Fifth Consecutive Quarter
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Elon Musk's Tesla Leaves Bitcoin Holdings Unchanged for Fifth Consecutive Quarter
The report, released on October 18, 2023, revealed that Tesla's balance sheet still holds 9,720 bitcoins, with a market value of approximately $275.6 million.
Tesla Acquired 43,000 Bitcoins in 2021
roughly $34,000
Tesla sold a portion of its Bitcoin holdings in the first quarter of 2021 and offloaded about 75% of its remaining bitcoins at a 48% loss in the second quarter of 2022.
Despite these fluctuations, Tesla's Bitcoin holdings remain one of the largest among publicly traded companies.
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