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 <p>Electric vehicle manufacturing giant Tesla made no mention of Bitcoin buying or selling activity in its latest earnings report this week. The lack of disclosed transactions suggests its holdings remain unchanged at 9,720 Bitcoin worth over $389 million.</p>
 <p>Tesla continues to cling to its substantial Bitcoin investment, even amid ongoing price turbulence for the largest cryptocurrency. It last reduced its holdings in Q2 2022 after liquidating 75%, or roughly $936 million worth of BTC.</p>
 <p>Prior to that, Tesla invested $1.5 billion to purchase about 43,000 Bitcoin in early 2021. The firm also briefly accepted BTC payments for EV purchases before suspending the option.</p>
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 <p><strong>Also read: 5 Cryptocurrencies Under $0.10 That Can Rally Like Shiba Inu</strong></p>
 <h2 class="wp-block-heading" id="h-third-largest-bitcoin-public-holder">Third-Largest Bitcoin Public Holder</h2>
 <p>With no additional reduction reported, Tesla still maintains the third-largest Bitcoin portfolio of publicly traded companies behind MicroStrategy and Marathon Digital Holdings. Its current stash would amount to 0.046% of the total Bitcoin supply.</p>
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 <p>The lack of reported Q4 sales comes as Bitcoin hovers perilously close to $38,000. After peaking above $48,000 on optimism around a spot Bitcoin ETF approval in mid-January, prices have since collapsed amid risk-off macro forces.</p>
 <p>Still, Tesla remains firm in its Bitcoin holdings, suggesting continued confidence in its future upside prospects compared to holding reserve fiat currencies long-term.</p>
 <p><strong>Also read: Top 3 Cryptocurrencies That Could Rally After Bitcoin’s Halving</strong></p>
 <p>With Tesla and MicroStrategy refusing to significantly cut their Bitcoin exposure, other corporate giants may take their resilient stance as assurance that outsized risk remains tolerable for investors seeking alternatives to bonds and cash.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/tesla-bitcoin-holdings-remain-unchanged-despite-market-turbulence-tbt77684.html">https://thebittimes.com/tesla-bitcoin-holdings-remain-unchanged-despite-market-turbulence-tbt77684.html</a></p>

Tesla Bitcoin Holdings Remain Unchanged Despite Market Turbulence

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TheBitTimes

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