Tesla’s $1.25 Billion Bitcoin Holdings Confirm Bullish Stance
- Arkham Intelligence reports Tesla’s Bitcoin holdings are valued at approximately $1.25 billion.
- Tesla possesses around 11,900 BTC, with each unit trading at $108,929.10.
- The company uses Coinbase Prime Custody for its Bitcoin storage.
- Tesla initially purchased $1.5 billion worth of Bitcoin in Q1 2021.
- Elon Musk has shown interest in integrating cryptocurrencies like Bitcoin and Dogecoin into his businesses.
Tesla’s substantial Bitcoin holdings, valued at around $1.25 billion, highlight the company’s bullish approach to cryptocurrency under Elon Musk’s leadership. The automaker holds approximately 11,900 BTC, leveraging Coinbase Prime Custody for safekeeping.
Source (2.6)https://coingape.com/elon-musks-tesla-still-bullish-on-bitcoin-holds-1-25b-btc/?rand=24432
