Tesla Inc. has revealed the strength of its investment strategy by making an $80 million profit from its Bitcoin holdings in Q3
As tensions escalate between Musk and Trump, voices from the Bitcoin community are urging Musk to respond by embracing BTC more aggressively.
After Q1 earnings for Tesla fell short of expectations, but Musk’s vow to refocus on company appears to have reignited investor confidence.
Tesla has reported a $600 million gain from its Bitcoin holdings in Q4 2024, thanks to new accounting standards.
Tesla appears to have kept its $780 million Bitcoin holdings despite a series of large transfers on October 15, according to Arkham.
Electric vehicle giant Tesla has shifted 11,509 Bitcoin, valued at an estimated $770 million, to new wallet addresses.
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