Galaxy

Bitcoin

<ul> 
 <li><strong>Tesla maintains a six-quarter streak of unchanged Bitcoin holdings, with no buying or selling activity in Q4 2023.</strong></li> 
 <li><strong>Tesla is now the fourth-largest public company, with 10,500 BTC in its portfolio.</strong></li> 
</ul> 
<p>Tesla, the pioneering automotive giant led by <a href="https://thenewscrypto.com/bitcoin-is-not-great-for-a-transaction-says-elon-musk-but-why/" target="_blank" rel="noreferrer noopener">Elon Musk</a>, has disclosed that it retained its entire Bitcoin (BTC) reserves valued at $336 million throughout the fourth quarter of 2023, as confirmed in the company’s latest earnings report. The report detailed that Tesla neither bought nor sold Bitcoin during this period.</p> 
<p>Tesla’s Q4 2023 results, released on January 24, show the company held $184 million in digital assets, excluding BTC, as of December 31. Notably, “Tesla did not buy or sell any Bitcoin” since its significant sell-off in Q2 2022 when it fetched $936 million for over 30,000 BTC.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="252" src="https://thenewscrypto.com/wp-content/uploads/2024/01/image-82-1024x252.png" alt="" class="wp-image-90145" srcset="https://thenewscrypto.com/wp-content/uploads/2024/01/image-82-1024x252.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/01/image-82-300x74.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/01/image-82-768x189.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/01/image-82.png 1184w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   <em>Tesla Digital Assets Holding (Source: </em><a href="https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q4-2023-Update.pdf" target="_blank" rel="noreferrer noopener nofollow"><em>Tesla</em></a><em>)</em>
  </figcaption>
 </figure>
</div> 
<p>This marks the sixth <a href="https://thenewscrypto.com/elon-musks-tesla-q1-update-reports-on-their-btc-holdings/" target="_blank" rel="noreferrer noopener">consecutive quarter</a> in which Tesla has refrained from making any sales from its substantial Bitcoin holdings, which stood at 9,720 BTC before the earnings report. Further, the value of Bitcoin has experienced a decline compared to the previous quarter, adding an interesting dimension to Tesla’s crypto portfolio.</p> 
<h3 class="wp-block-heading" id="h-tesla-s-position-in-the-bitcoin-market">Tesla’s Position in the Bitcoin Market</h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="394" src="https://thenewscrypto.com/wp-content/uploads/2024/01/Capture-1024x394.png" alt="" class="wp-image-90146" srcset="https://thenewscrypto.com/wp-content/uploads/2024/01/Capture-1024x394.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/01/Capture-300x115.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/01/Capture-768x295.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/01/Capture.png 1115w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   <em>Bitcoin Holdings by Public Companies (Source: </em><a href="https://www.coingecko.com/en/public-companies-bitcoin" target="_blank" rel="noreferrer noopener nofollow"><em>CoinGecko</em></a><em>)</em>
  </figcaption>
 </figure>
</div> 
<p>According to data from CoinGecko, Tesla now holds approximately 10,500 Bitcoins, with a current market value of $417 million. This positions Tesla as the fourth-largest publicly traded company with a significant <a href="https://thenewscrypto.com/bitcoin-spot-etf-volume-rises-to-12b-yet-btc-price-falls/" target="_blank" rel="noreferrer noopener">Bitcoin</a> portfolio, following leaders in this space including MicroStrategy, led by Michael Saylor, Galaxy Digital Holdings, and Marathon Digital Holdings.</p>

Elon Musk’s Tesla Q4 Report Reveals Bitcoin Portfolio

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