Tesla’s diamond hands: EV maker's Bitcoin holdings see no change in Q2
After purchasing $1.5 billion worth of Bitcoin in 2021, Tesla sold 75% of it in 2022 and is now hanging onto its remaining $184 million Bitcoin stash. For the fourth quarter in a row, Tesla hasn’t sold or added to its digital asset holdings with the electric vehicle manufacturer continuing to hold $184 million worth of its remaining Bitcoin (BTC). In Q2 2023 earnings released on July 19 the net value of Tesla’s Bitcoin holdings stood at $184 million which has held at the same value for the past two quarters. Tesla hasn’t bought or sold any Bitcoin since Q2 last year when it sold more than 30,000 Bitcoin — which accounted for roughly 75% of its total holdings — for $936 million. Tesla’s Bitcoin holdings totaled $184 million at the end of Q2. Source: Tesla Tesla first purchased $1.5 billion worth of Bitcoin in March 2021 with the company’s CEO Elon Musk promising to accept Bitcoin as payment for Tesla vehicles in the following days. Musk later halted Bitcoin payments for Tesla vehicl...