Even After Three Years, Tesla Still Holds Its 11,509 BTC

Despite the market conditions, Tesla, the leading electric car manufacturer, helmed by centibillionaire Elon Musk, has confirmed that it continues to hold BTC

Tesla (NASDAQ:TSLA) continues to hold Bitcoin (BTC) despite the recent market downturn, according to the company’s latest earnings report.

Tesla’s earnings report for Q1 2025 revealed that the electric car manufacturer still held 11,509 BTC in its reserves throughout the period without selling any. The BTC price ended Q1 down about 11.7%, leaving Tesla’s Bitcoin holdings valued at around $951 million by the end of Q1 2025. But, with Bitcoin jumping 5% to $93,741 as of press time, the automaker’s Bitcoin stash has since reclaimed the $1 billion threshold.

This makes Tesla the sixth-largest publicly traded Bitcoin holder after Saylor’s Strategy (NYSE:MOGO), MARA Holdings (NASDAQ:MARA), Riot Platforms (NASDAQ:RIOT), Galaxy Digital (OTCMKTS:GXYDF), and CleanSpark (NASDAQ:CLSK), according to Bitcoin Treasuries data.

Tesla initially acquired a whopping $1.5 billion worth of Bitcoin back in February 2021, propelling the price of the benchmark crypto to new record highs. The company, however, sold 10% of its Bitcoin cache in Q1 2021; according to CEO Elon Musk, this was “to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet.”

Later, Tesla disclosed in its Q2 2022 earnings report that it had sold 75% of its Bitcoin holdings, reducing them by $936 million at the time. It remains to be seen whether Tesla will add more BTC to its balance sheet, but Musk has said that “he’s open to increasing its Bitcoin holdings in the future.”

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