Elon Musk's Tesla Still HODLing $218M in Bitcoin
Despite the bear market and $Twitter (Delisted)(TWTR.US$ battle, $Tesla(TSLA.US$ remains one of the largest corporate holders of Bitcoin.
Tesla's $Bitcoin(BTC.CC$ holdings remain unchanged from the second quarter of 2022, according to documents released by the electric car manufacturer ahead of its third-quarter investor relations call.
In Tesla's report released to the public on Wednesday, the company says it still holds $218 million in Bitcoin. In July, Tesla announced that it sold 75% of its Bitcoin holdings, around $936 million at the time. After the sale, Tesla reported it continued to hold $222 million worth of "digital assets" on its balance sheet as of the end of June.
Tesla's $Bitcoin(BTC.CC$ holdings remain unchanged from the second quarter of 2022, according to documents released by the electric car manufacturer ahead of its third-quarter investor relations call.
In Tesla's report released to the public on Wednesday, the company says it still holds $218 million in Bitcoin. In July, Tesla announced that it sold 75% of its Bitcoin holdings, around $936 million at the time. After the sale, Tesla reported it continued to hold $222 million worth of "digital assets" on its balance sheet as of the end of June.
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