Tesla Hodling $218m of BTC

Tesla Hodling $218m of BTC

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Jonathan
Jonathan

An editor at Coincrop


20 Oct 2022 | 2 min read
13,786 views

T

esla has not sold or bought any Bitcoin since the second quarter of 2022, according to documents released by the electric car manufacturer ahead of its third-quarter investor relations call.

Tesla's report, released to the public on Wednesday, says that the company holds $218 million in Bitcoin. This is after July's announcement of a sale of 75% their Bitcoin holdings-worth around $936 million at the time. As of the end of June, Tesla reported it still held $222 million in "digital assets" on its balance sheet.

Tesla is not the only publicly traded company to invest in Bitcoin, but they are one of the largest holders with their recent sale. MicroStrategy has 130,000 BTC (around $2.48 billion) and Galaxy Digital Holdings has 16,400 BTC (about $313 million).


Jonathan

Jonathan

An editor at Coincrop
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Jonathan is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely sailing.


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