The latest quarterly report from electric car manufacturer Tesla (TSLA) indicates no change in its Bitcoin (BTC) holdings during Q4 2023. Released on Wednesday, the report does not mention bitcoin activity, implying that Tesla neither acquired nor liquidated any bitcoin during the three months ending in September. At current prices, the holdings are valued at over $387 million.
Tesla is a prominent holder of bitcoin, with more than 9,720 BTC, making it the third-largest public holder of the cryptocurrency. MicroStrategy (MSTR) and Marathon (MARA) are the only entities with larger bitcoin holdings. Tesla made headlines in February 2021 when it invested $1.5 billion in bitcoin, amassing around 43,000 BTC. It also announced plans to accept bitcoin as a payment method. However, the company began selling its bitcoin holdings later in 2021 to enhance its cash position amid uncertainties related to COVID lockdowns, with a reported sale of 75% of its bitcoin holdings in Q2 2022.
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