Tesla’s BTC Positions Remained Unchanged in Q4 of 2022
According to a new earning report from automotive manufacturer Tesla, the company did not sell any of its BTC holdings in the fourth quarter of 2022. Amid speculations that the company had traded BTC during the testing bears, CEO Elon Musk revealed it was yet holding on to its BTC stash. Tesla Maintains Holdings After Initial Sell-Off In Q2 of 2022, Tesla opted to sell 75% of all its BTC. The car manufacturer received close to $950M in ex change . Notably, the sale marked an actual departure from the company’s usual practices when it came to its holdings of the premier cryptocurrency. Until the Q2 sale, Tesla had made little change s to its store of king-crypto Bitcoin since early 2021. Back then, the electric car maker added $1.5 billion worth of BTC to its portfolio. This amounted to a total of 43,200 Bitcoins. Elon Musk said at the time: We are certainly open to increasing our bitcoin holdings in the future, so this should not be taken as some verdict on bitcoin,” Musk cl...