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Tesla's Bitcoin holdings have seen a significant increase, with Arkham Intelligence revealing a total of 11,509 BTC
1 month ago 1 min read

Tesla’s surprise Bitcoin boost sparks speculation and future market impacts

Tesla’s Bitcoin holdings have seen a significant increase, with Arkham Intelligence revealing a total of 11,509 BTC, surpassing the amount disclosed in their last earnings call. Tesla has also made a fresh purchase of $5.94 million worth of Bitcoin, further fueling speculation and interest in their cryptocurrency strategy. In February 2021, Tesla invested $1.5 billion in Bitcoin and briefly accepted it as a payment method for their electric cars. However, the venture was short-lived as the company sold about 10% of its holdings in March 2021 and offloaded 75% of its Bitcoin stash in the second quarter of 2022 due