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  HOME PAGE 24/10/2024 16:30 
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Tesla disclosed its Bitcoin assets.

Tesla disclosed its Bitcoin assets.

24.10.2024 10:22

In Tesla's Q3 2024 financial report, it was revealed that the company maintained its $184 million investment in digital assets over five business quarters. The financial statements showed that Tesla's net income reached $2.18 billion.

The automotive giant Tesla has not compromised its Bitcoin (BTC) investment strategy despite the fluctuations in the cryptocurrency market. The company's Q3 revenue was reported to be over $25.18 billion. These results indicate that Tesla has adopted a stable policy in both automotive and digital asset management.

Tesla Has Not Made Changes to Its $750 Million Bitcoin Investment

Tesla's digital asset strategy continues to be closely monitored by the cryptocurrency community. The company entered the cryptocurrency market with its initial Bitcoin purchase of $1.5 billion in 2021.

According to a report by blockchain analysis firm Arkham Intelligence, wallets believed to belong to Tesla hold 11,509 BTC. This amount corresponds to a value of approximately $750 million at current prices.

The 8% drop in stock value following the company's Cybercab introduction did not affect its Bitcoin strategy. The driverless taxi project introduced by Elon Musk in Hollywood did not receive the expected interest from investors.

Tesla's decision to protect its crypto assets is seen as an important sign for the future of institutional Bitcoin investments. The strategy maintained by the company for five consecutive quarters supports a long-term vision for cryptocurrency.



 
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