Disclaimer: This platform includes third party opinions. We do not endorse their accuracy. Digital asset prices can be volatile. Do your own insights. See full terms

NewsTesla Q3 Financial Result Shows No Change in Bitcoin Holding

Tesla Q3 Financial Result Shows No Change in Bitcoin Holding

Oct 19,2023,02:16

Tesla released Q3 2023 result on Oct. 18, the latest financial result shows it held $184 million worth of digital assets, known to be composed largely or entirely of Bitcoin.

The latest quarterly results mean it hasn’t bought or sold any Bitcoin since its sell-off of around 75% of its holdings in Q2 2022 when it fetched $936 million for more than 30,000 BTC. Telsa originally purchased $1.5 billion of Bitcoin in 2021.

During the shareholder call, several investors raised questions about whether Telsa would add Bitcoin payment in the future. Recently, Ferrari has started to accept crypto as payment for its cars in the US.

Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!

Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!

If you have news reports or announcements that you want to reach a wider audience, feel free to email us at [email protected]

Join Our Community

Get the BloFin App