How Much Bitcoin is Tesla Currently Holding?

In Tesla's Q4 report, the company maintains a steadfast Bitcoin investment of 9,720 BTC, demonstrating resilience amidst a varied financial performance that yielded a total revenue of $25.2 billion.

How Much Bitcoin Is Tesla Currently Holding?_65d5d0ee04bae.webp

In the latest financial reports, Tesla, the electric vehicle giant, disclosed impressive figures, with a total revenue of $25.2 billion and an operating profit of $2.1 billion. Noteworthy is Tesla’s abstention from both Bitcoin purchases and sales in the quarter under review.

Securing its standing for the sixth consecutive quarter, Tesla currently holds 9,720 BTC in its Bitcoin portfolio. The company’s initial venture into the world of Bitcoin took place in February 2021, spearheaded by CEO Elon Musk, who directed a substantial investment of $1.5 billion, triggering a significant surge in the cryptocurrency’s value.

Building on this bold initiative, Tesla strategically liquidated a portion of its Bitcoin holdings to assess market liquidity, resulting in the remaining holdings being valued at approximately $1.99 billion by year-end. A pivotal decision unfolded in July 2022, as Tesla opted to sell 75% of its Bitcoin holdings, fortifying its cash reserves by an additional $936 million.

How Much Bitcoin is Tesla Currently Holding?

Despite Tesla’s unwavering Bitcoin holdings, its quarterly performance has elicited mixed reactions. The fourth quarter witnessed a modest 1% year-over-year uptick in automotive revenue, yet both earnings per share and total revenue fell slightly short of market expectations, leading to a dip in stock value during after-hours trading.

Delving into Tesla’s balance sheet unveils a comprehensive asset portfolio, encompassing cash, receivables, and solar energy systems, indicative of a diversified strategy extending beyond automotive sales.

Related: Outflow of GBTC Funds Approaching Depletion

The quarter showcased diverse performance across Tesla’s divisions. While automotive revenues experienced marginal growth, the energy generation and storage segment reported an impressive 10% increase in revenue. On a positive note, services and other revenue surged by 27%, underscoring the company’s expanding market reach. However, the overall gross profit witnessed a notable decrease of 23%, and the operating income took a significant 47% dip, reflecting the competitive and challenging economic landscape.

(100 votes)

5.0/5

(100 votes)

Latest

Bitcoin Plunges To $105,000, Crypto Market Turns Red

News | Bitcoin | Editor Choice

Bitcoin Plunges to $105,000, Crypto Market Turns Red

Bitcoin's unexpected plunge to $105,000 sent the crypto market into the red, but a key technical indicator hints at a possible recovery ahead.

Bitcoin Nears $110,000, Who’s Leading The Charge This Time

News | Bitcoin | Editor Choice

Bitcoin Nears $110,000, Who’s Leading the Charge This Time?

Bitcoin is once again approaching the $110,000 mark, driven by strong buying momentum from both whales and retail investors—particularly in the U.S.—as supply continues to tighten across the market.

Whats Special About The Bitcoin Conference Las Vegas 2025

Bitcoin | Editor Choice

What’s Special About the Bitcoin Conference Las Vegas 2025?

The Bitcoin 2025 conference in Las Vegas, taking place from May 27 to 29, features many prominent and influential speakers in the investment and finance sectors.

Trump Media Raises $2,5 Billion To Invest In Bitcoin

Bitcoin | Editor Choice | Policy & Regulations

Trump Media Raises $2.5 Billion to Invest in Bitcoin

Trump Media and Technology Group (TMTG) has officially completed a $2.5 billion fundraising deal to invest in Bitcoin from 50 investors and organizations.

Vaneck Proposes U.s. Legislation To Increase Bitcoin Reserves

News | Bitcoin | Editor Choice

VanEck Proposes U.S. Legislation to Increase Bitcoin Reserves

Experts and U.S. lawmakers believe that building a strategic Bitcoin reserve should be carried out through congressional legislation to ensure long-term sustainability and avoid legal challenges.