Crypto News

No Changes to Bitcoin Holdings in Q1 2023 – Here’s How Much BTC Tesla is Holding

Electric car company Tesla has revealed that its bitcoin holdings remained unchanged during the first quarter of 2023, at a value of $184m. This marks the third consecutive quarter where the company has held onto its digital assets, after selling off $936m worth of bitcoin in the second quarter of 2022 to raise cash during Covid lockdowns. Tesla does not disclose how many BTC it holds, reporting only the US dollar value of all of its digital assets combined. However, it is believed that most of the $184m is held in BTC. Tesla CEO Elon Musk has indicated in the past that the company also holds some dogecoin, although the amount is unknown. Tesla shares opened almost 8% lower on Thursday compared to Wednesday’s close.

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