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Tesla Holds $184 Million in Bitcoin: Latest Financials Reveal Significant Digital Asset Investments

Elon Musk’s Tesla continues to retain its Bitcoin investments, with its first-quarter financial reports showing $184 million in net digital assets, a figure that has remained stable since the end of 2022. Tesla’s portfolio includes 11,509 bitcoins, valued at over $745 million, according to cryptocurrency analytics firm Arkham.

Tesla BTC

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Tesla’s Cryptocurrency Strategy

Tesla has focused its cryptocurrency holdings predominantly on Bitcoin, initially investing $1.5 billion in early 2021. Despite selling 75% of its Bitcoin holdings in mid-2022 due to liquidity needs during COVID-19 shutdowns in China, Musk has indicated that Tesla is “certainly open” to expanding its Bitcoin investments again.

Other Investments and Musk’s View on Cryptocurrencies

Alongside Tesla, Musk’s other venture, SpaceX, also holds a significant amount of Bitcoin. Musk personally owns Bitcoin, ether, and “a bunch of” dogecoins. Despite these investments, Musk maintains that he does not spend much time focusing on cryptocurrencies and has stated that his companies will not venture into launching their own cryptocurrency tokens.

According to Arkham’s on-chain research, Tesla holds 11,509 BTC distributed across 68 addresses. As of this writing, the bitcoin price is $64,735, implying that Tesla’s bitcoin holdings are currently worth more than $745 million.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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