Tesla Bitcoin Holdings Worth $640 Million Unchanged After Q2

IconCryptoNewsTerminal Staff23 Jul, 2024

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Tesla Bitcoin Holdings Worth $640 Million Unchanged After Q2

Tesla did not reduce its Bitcoin holdings in the second quarter of 2023, according to WatcherGuru Twitter account. Tesla's Bitcoin holdings are now worth about $640 million, down from $1.2 billion at the end of 2022. The value of Tesla's Bitcoin holdings has declined as the price of Bitcoin has fallen this year. Tesla's decision not to sell any Bitcoin in the second quarter is a positive sign for the cryptocurrency. It suggests that Tesla believes that the price of Bitcoin will eventually recover. Tesla's Bitcoin holdings are a significant investment, and the company's decision to hold on to them is a vote of confidence in the cryptocurrency.