Share this article
Tesla’s Bitcoin Holdings Remain Unchanged in Q4
The Elon Musk-led company holds over $387 million worth of bitcoin.
Updated Mar 8, 2024, 8:28 p.m. Published Jan 25, 2024, 6:57 a.m.
Bitcoin [BTC] holdings of electric car manufacturer Tesla (TSLA) remained unchanged in Q4 2023, according to the latest earnings report released on Wednesday.
The quarterly report did not mention bitcoin, implying that the firm did not buy or sell any bitcoin in the three months ended September. The holdings are valued at $387 million at current prices.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Tesla holds over 9,720 BTC, according to data tracked by Bitcoin Treasuries, and is the third-largest public holder of the asset behind software firm MicroStrategy (MSTR) and mining player Marathon (MARA).
The Elon Musk-led company invested $1.5 billion in bitcoin in February 2021, accumulating some 43,000 BTC. In the same month, Tesla said it would begin accepting bitcoin as a form of payment.
However, it started to sell its holdings later that year to maximize its cash position amid uncertainties related to COVID lockdowns. In Q2 2022, it reported selling 75% of its bitcoin holdings.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Traders mull the bottom as bitcoin returns to week's lows below $86,000
One analyst isn't quite ready to call a bottom, but says bitcoin is surely in an oversold condition.
What to know:
- Bitcoin's early rally Wednesday seems a faint memory as the price has returned to the week's lows.
- Precious metals continue to get bid, with silver rushing to yet another new record and gold closing in on an all-time high.
- One analyst cautioned against reading too much into the current bitcoin price action due to year-end positioning and tax considerations.
Top Stories
