Tesla's Bitcoin Holdings Stay Flat in Q3 as Earnings Fall

Tesla's bitcoin holdings remained unchanged in Q3 at $184 million, per its latest earnings report. This marks the 5th straight quarter its BTC stash has stayed steady.

Tesla still has the 3rd largest bitcoin holdings of any public company at an estimated 9,720 BTC. Only MicroStrategy and Marathon Digital have more.

Tesla invested $1.5 billion in bitcoin in Feb 2021. It sold some in Q1 2021 and liquidated 75% of the rest at a loss in 2022.

Tesla reported Q3 net income fell 44% to $1.85 billion. Earnings per share dropped to 53 cents from 95 cents a year earlier.

Tesla shares were down 4.78% to $242.68 on Wednesday after the earnings report.