Tesla Holds Onto Its Bitcoin Despite Market Volatility

IconCrypto News Terminal23 Apr, 2024

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Tesla Holds Onto Its Bitcoin Despite Market Volatility

Tesla has not bought or sold any bitcoin in the first quarter of this year, according to WatcherGuru's X account. This means that Tesla's BTC holdings have remained unchanged for seven consecutive quarters. Tesla's bitcoin holdings are currently valued at $711 million. The company first invested in bitcoin in early 2021, and its holdings have fluctuated in value since then. However, Tesla has held onto its bitcoin despite the recent volatility in the cryptocurrency market. Previously on April 23, 2024 - "According to WatcherGuru's X account, Tesla has not bought or sold any bitcoin in the first quarter of this year, keeping its BTC holdings unchanged for seven consecutive quarters. Tesla's bitcoin holdings are valued at $711 million."

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