Tesla Holds on to its 9,720 Bitcoins in Q3
Tesla keeps its 9,720 bitcoins, earning report shows no recent buys or sells, while profits dip this quarter.
Tesla's bitcoin stash stays at 9,720 BTC, a recent earnings report showed. This means Tesla didn't buy or sell any Bitcoin in the last three months. The value of this bitcoin is now $275.4 million.
Back in February 2021, Elon Musk's Tesla invested $1.5 billion in Bitcoin and even planned to accept it as payment. But plans changed, and they sold some bitcoin in 2021.
Despite selling some, Tesla is third in bitcoin holdings among public companies, after MicroStrategy and Marathon Digital Holdings.
Lastly, Tesla's profit for July-September was $1.85 billion, a drop from last year. The earnings per share also decreased.
