Tesla Maintains Steady Bitcoin Portfolio in Fourth Quarter

Amy Clark


Under Elon Musk’s leadership, the company’s Bitcoin investment stands at a value of over $387 million.

Tesla (TSLA), the electric vehicle giant, reported no changes in its Bitcoin (BTC) investments for the fourth quarter of 2023, as revealed in its recent earnings report published on Wednesday. The absence of any mention of Bitcoin in the report suggests that Tesla did not engage in buying or selling the cryptocurrency during the quarter ending in September. Currently, the value of Tesla’s Bitcoin holdings stands at approximately $387 million.

According to Bitcoin Treasuries’ data, Tesla possesses over 9,720 BTC, ranking as the third-largest public holder of Bitcoin, trailing only behind MicroStrategy (MSTR) and the mining company Marathon (MARA). Tesla’s journey with Bitcoin began in February 2021 when the Elon Musk-led firm announced a substantial $1.5 billion investment in Bitcoin, initially acquiring around 43,000 BTC. In that same period, Tesla also started accepting Bitcoin as a payment method.

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However, later in 2021, Tesla began liquidating a portion of its Bitcoin assets, aiming to strengthen its cash reserves due to the uncertainties caused by COVID-related lockdowns. This sell-off continued into the second quarter of 2022, with Tesla disclosing the sale of 75% of its Bitcoin holdings.