Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business
Marvie Basilan

EXPLAINED: Tesla hodls retains over 700m in bitcoin during first quarter - The Real Truth

Tesla CEO Elon Musk is pictured during a visit at the company's electric car plant in Gruenheide near Berlin on March 13, 2024. (Credit: AFP)

KEY POINTS

  • Tesla has over 11,000 Bitcoin, as per Arkham data
  • The last time Tesla had a BTC transaction was two years ago
  • While Tesla didn't sell, it also didn't buy more of the popular digital asset

Tesla has not sold any of its millions worth in Bitcoin (BTC) during the first quarter of 2024, Elon Musk's electric vehicle giant revealed in its Q1 financial disclosure.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.