Posted 1/25/2024, 8:10:41 PM
Tesla Holds Onto $387 Million in Bitcoin After Selling 75% of Its Holdings in 2022
- Tesla still holds around $387 million worth of Bitcoin from an original $1.5 billion investment in 2021
- Tesla sold 75% of its Bitcoin in Q2 2022 amid market uncertainty, but still retains over 9,700 BTC
- Tesla's Bitcoin purchases and subsequent sales significantly impacted crypto market prices
- Tesla faces revenue challenges, with Q4 auto sales missing targets and slower growth expected in 2024
- Elon Musk hinted at interest in transitioning Tesla to a dual-class share structure to have more influence