The U.S.-based automaker Tesla (TSLA) reported updated earnings on Wednesday that showed its holdings of bitcoin (BTC) remained stable in the third quarter.The company may not have bought or sold any bitcoin in the three months that ended in September if the quarterly report on bitcoin did not include it.For the fifth consecutive quarter, the holding’s value has stayed constant at $184 million at the conclusion of the third quarter.At 9,720 bitcoin, Tesla still holds the third-largest bitcoin holdings of any publicly traded firm, according to bitcointreasury.net.The only companies that dwarf it are MicroStrategy (MSTR) and Marathon Digital Holdings (MARA).
With a reported 43,000 tokens, the company, headed by cryptocurrency enthusiast Elon Musk, invested $1.5 billion on bitcoin in February 2021.Within that same month, Tesla announced that it would start taking bitcoin payments.Nonetheless, in the months that followed, the business abandoned its plans.First quarter 2021 saw the sale of 4,320 bitcoin, and last year it liquidated 75% of the remaining amount at a significant loss.Tesla’s earnings per share dropped from 95 cents to 53 cents during the July-September quarter, representing a 44% decrease from the same period last year. The company posted a net income of $1.85 billion.
On Wednesday, Tesla’s stock price was down 4.78% at $242.68.