According to the most recent earnings report, which was made public recently, Tesla (TSLA), a maker of electric cars, held no Bitcoin (BTC) in Q4 2023.
The fact that bitcoin was left out of the quarterly report suggests that the company did not purchase or sell any bitcoin during the three months that ended in September. At today’s values, the holdings are worth $387 million.
Tesla is the third-largest public holder of Bitcoin behind mining company Marathon (MARA) and software company MicroStrategy (MSTR), with around 9,720 BTC, according to statistics maintained by Bitcoin Treasuries.
The corporation headed by Elon Musk made a $1.5 billion bitcoin investment in February 2021, gaining about 43,000 BTC. Tesla announced that it would start taking bitcoin payments in the same month.
Later in the year, though, it began selling its stakes in order to optimise its cash position given the uncertainty around COVID lockdowns. It declared liquidating 75% of its bitcoin holdings in Q2 2022.