How Much Bitcoin Does Tesla Own?

How Much Bitcoin Does Tesla Own

Tesla is one of the few NASDAQ companies that own Bitcoin on its balance sheet. The company originally purchased $1.5 billion worth of BTC in 2021 but sold 75% of its holdings in 2022 to improve its cash position.

Advertisement

How Much BTC Does Tesla Have?

As of Q3 2022, Tesla owns ~10,725 BTC worth around $218 million. Tesla’s digital asset allocation hasn’t changed since the company dumped 75% of its BTC holdings in 2022.

Advertisement
Advertisement

Tesla is currently 3rd in BTC holdings by publicly traded companies behind only Coinbase and MicroStrategy. The company remains the only large-cap tech company with any Bitcoin holdings, which means Tesla is likely well ahead of its peers in terms of Bitcoin adoption.

Advertisement

Similar Posts

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments