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.
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.
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.