Elon Musk's Tesla Boasts Nearly $1 Billion in Bitcoin
Photo: U.Today
Tesla, an electric vehicle manufacturing firm led by world-renowned billionaire entrepreneur Elon Musk, has retained its strong Bitcoin position as one of Bitcoin's major corporate holders over the years. While frequent market volatility has driven many large holders off their positions, Tesla remains committed to its Bitcoin fortune, which has barely moved over the last four years. Although Tesla had earlier sold parts of its initial Bitcoin investment when it ventured into the crypto space around 2021, the latest data from the Arkham intelligence firm shows that the company still holds up to 8,430 BTC as of October 13.
Source: U.Today
