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Tesla, according to the data it has released, currently owns a Bitcoin investment worth exactly $387 million.
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According to Tesla’s (TSLA) latest earnings report, it did not make any changes to its Bitcoin (BTC) portfolio in the fourth quarter of 2023. The absence of any information about Bitcoin in the quarterly report indicates that the company did not buy or sell Bitcoin during the period ending September. At current prices, Tesla’s Bitcoin holdings are worth $387 million.
According to the data in Tesla’s possession, the company’s Bitcoin treasury exceeds 9,720 BTC, thus making it the third largest public Bitcoin holder after software company MicroStrategy (MSTR) and mining firm Marathon (MARA).
Led by Elon Musk, TSLA made a $1.5 billion investment in approximately 43,000 BTC in February 2021. In the same month, TSLA announced that it would accept Bitcoin as a form of payment. However, as a result of the uncertainties caused by the COVID-19 pandemic, it sold a few periods of Bitcoin in the second quarter of 2022 in order to protect its cash position.
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