Tesla’s Bitcoin Pile Intact Despite Recent Wallet Moves — Elon Musk-Led Company HODLes King Crypto For 5th Straight Quarter
Posted On October 24, 2024
Electric vehicle juggernaut Tesla Inc. (NASDAQ:TSLA) revealed none of its Bitcoin (CRYPTO: BTC) holdings were sold in the third quarter, extending its HODLing period for the fifth successive quarter.
What happened: Tesla’s balance sheet denoted $184 million in digital assets, as per the company’s earnings report released Wednesday after the market close.
While the corporation does not publish a breakdown of its digital holdings, on-chain tracking firms have indicated that it is primarily comprised of Bitcoin, the world’s largest cryptocurrency.
As of this writing, the firm had 11,509 Bitcoins, …