Bitcoin

Tesla’s Bitcoin assets remained unchanged in the third quarter, as highlighted in the company’s recent earnings report released Wednesday. 
The absence of any mention regarding Bitcoin in the quarterly statement suggests that Tesla neither bought nor sold any BTC during the three months leading up to September. 
This unaltered holding, valued at $184 million by the end of Q3, marks the fifth straight quarter without any changes. 
Tesla, under the leadership of cryptocurrency advocate Elon Musk, ranks third among public companies in terms of bitcoin holdings. 
According to data from <a href="https://bitcointreasuries.net/" rel="nofollow noopener" target="_blank">bitcointreasury.net</a>, the company’s holdings stand at an estimated 9,720 Bitcoins, only surpassed by MicroStrategy and Marathon Digital Holdings. 
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 Top 10 public companies holding Bitcoin
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Recalling the company’s cryptocurrency journey, Tesla had made a significant $1.5 billion investment in bitcoin back in February 2021, amassing approximately 43,000 tokens. 
Furthermore, the company had expressed intentions to accept bitcoin as payment during the same period. However, Tesla retraced its steps in the following months. It offloaded 4,320 bitcoins in the first quarter of 2021 and further liquidated a major chunk of its remaining assets at a substantial loss last year. 
For the third quarter, Tesla reported a net income of $1.85 billion, indicating a 44% decrease from the previous year. 
This led to a decline in earnings per share, which dropped to 53 cents from 95 cents. Reflecting these results, Tesla shares took a dip, closing at $242.68 on Wednesday, down by 4.78%.

Tesla maintains Bitcoin holdings in Q3, earnings report shows

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