Tesla : One of the largest companies holding bitcoins, $218 million in total

Elon Musk’s Tesla still holds $218 million in Bitcoin (BTC). It remains one of the largest Bitcoin-holding companies.

In Tesla’s report released on Wednesday, the company says it still holds $218 million in bitcoins. In July, Tesla announced that it had sold 75 percent of its bitcoin holdings, or about $936 million at the time. After that sale, Tesla said it still held $222 million in “digital assets” on its balance sheet at the end of June.

So since July, Tesla has not sold any BTC, nor has it purchased any additional Bitcoins, as evidenced by accounting records released by Tesla yesterday.

As a reminder, in 2021, Tesla had bought $1.5 billion in bitcoin (BTC), to hold today only 218 million. Despite this sale, Tesla remains one of the largest holders of bitcoins by a publicly traded company, after MicroStrategy with 130,000 BTC (about $ 2.48 billion) and Galaxy Digital Holdings with 16,400 BTC (about $ 313 million).

At the time of writing, the price of Bitcoin is $19,251.08 USD with a 24-hour trading volume of $22,787,644,012 USD. Bitcoin has decreased by .35% in the last 24 hours. CoinMarketCap ranks it #1, with a market capitalization of $369,321,558,770 USD. Outstanding reserves are 19,184,462 BTC tokens and a maximum. tokens in reserve.

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Article written by: Laeti Marison (SatoshiBelle)

Laeti Marison, also known as SatoshiBelle, is a multifaceted professional with a passion for community management, content creation, and digital marketing. With a diverse background in various roles, Laeti has consistently demonstrated her expertise and dedication in the field. Recognizing her potential, Laeti then took on the responsibilities of a Project and Community Manager at Magna Numeris and Cartam from November 2018 to March 2021. In this role, she showcased her ability to successfully lead projects and foster strong relationships within the community. Currently, Laeti serves as an SEO content writer, Digital Marketing Manager, and co-founder at Trendingcrypto.news magazine, starting from February 2022 till now. Through her expertise in digital marketing and her passion for the crypto industry, she has contributed to the success of the magazine, ensuring its content remains relevant, engaging, and informative.