Tesla Holds Firm to Bitcoin Holdings in Q4 2023
Tesla keeps Bitcoin holdings steady at $387M in Q4 2023; and remains the third-largest public BTC holder.
A report revealing positive news from Tesla, a top electric vehicle manufacturing company has surfaced. In interesting news, Tesla's Bitcoin (BTC) holdings have stayed the same in Q4 2023, as their earnings report shows no new Bitcoin transactions, which means they neither bought nor sold BTC in Q4 2023. They hold about $387 million in Bitcoin.
Tesla, led by Elon Musk, ranks third in public Bitcoin holdings with over 9,720 BTC. They initially bought 43,000 BTC in February 2021.
The company sold 75% of its bitcoin in Q2 2022 to increase cash during COVID-19 uncertainties. They had begun accepting bitcoin payments in February 2021 but stopped it a while later.
