{"id":12896,"date":"2024-04-24T16:57:31","date_gmt":"2024-04-24T13:57:31","guid":{"rendered":"https:\/\/forklog.com\/en\/tesla-maintains-bitcoin-holdings-in-first-quarter-of-2024\/"},"modified":"2024-04-24T16:57:31","modified_gmt":"2024-04-24T13:57:31","slug":"tesla-maintains-bitcoin-holdings-in-first-quarter-of-2024","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tesla-maintains-bitcoin-holdings-in-first-quarter-of-2024\/","title":{"rendered":"Tesla Maintains Bitcoin Holdings in First Quarter of 2024"},"content":{"rendered":"<p>During the first quarter of 2024, Tesla neither purchased nor sold bitcoins, maintaining its cryptocurrency holdings at a balance sheet value of $184 million. This information is derived from the <a href=\"https:\/\/ir.tesla.com\/#quarterly-disclosure\">financial report<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"198\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2024-Q1-Quarterly-Update-Deck-Google-Chrome-1024x198.jpg\" alt=\"2024-Q1-Quarterly-Update-Deck-Google-Chrome\" class=\"wp-image-231358\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/2024-Q1-Quarterly-Update-Deck-Google-Chrome-1024x198.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/2024-Q1-Quarterly-Update-Deck-Google-Chrome-300x58.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/2024-Q1-Quarterly-Update-Deck-Google-Chrome-768x149.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/2024-Q1-Quarterly-Update-Deck-Google-Chrome.jpg 1234w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: Tesla.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/bitcointreasuries.net\/\">BitcoinTreasuries<\/a>, the company holds 9720 BTC, with a market valuation of $643.7 million.<\/p>\n<p>In April, analysts at Arkham Intelligence <a href=\"https:\/\/u1f987.com\/en\/news\/arkham-intelligence-reveals-bitcoin-holdings-of-spacex-and-tesla\">reported<\/a> tracking Tesla&#8217;s cryptocurrency wallets. Their data indicates that 11,509 BTC are stored across 68 addresses.<\/p>\n<p>In February 2021, it was revealed that the company had invested $1.5 billion in bitcoin. Co-founder and CEO Elon Musk described these investments as &#8220;quite risky.&#8221;<\/p>\n<p>In the spring of 2021, Tesla began accepting digital gold for its electric cars, but later discontinued this option.<\/p>\n<p>By the end of the second quarter of 2022, the company had converted approximately 75% of its cryptocurrency into fiat, generating $936 million. The profit from this operation amounted to $64 million. Considering a negative revaluation of bitcoins on the balance sheet amounting to $204 million, the firm reported a net loss of $140 million.<\/p>\n<p>Arkham Intelligence also reportedly discovered <a href=\"https:\/\/platform.arkhamintelligence.com\/explorer\/entity\/spacex\">28 wallets<\/a> belonging to Musk&#8217;s SpaceX, holding 8285 BTC.<\/p>\n<p>In January 2024, during a podcast with ARK Invest CEO Cathie Wood, the entrepreneur <a href=\"https:\/\/u1f987.com\/en\/news\/cathie-wood-reveals-her-bitcoin-investment-strategy\">admitted<\/a> that among cryptocurrencies, he only owns &#8220;a large amount of Dogecoin.&#8221;<\/p>\n<p>In February, SpaceX <a href=\"https:\/\/u1f987.com\/en\/news\/spacex-accepts-dogecoin-payment-for-launching-doge-1-satellite\">accepted payment<\/a> in the meme coin for launching the DOGE-1 satellite into space.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>During the first quarter of 2024, Tesla neither purchased nor sold bitcoins, maintaining its cryptocurrency holdings at a balance sheet value of $184 million. This information is derived from the financial report. Source: Tesla. According to BitcoinTreasuries, the company holds 9720 BTC, with a market valuation of $643.7 million. In April, analysts at Arkham Intelligence [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1252,1319],"class_list":["post-12896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-reports","tag-tesla"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=12896"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12896\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/12895"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=12896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=12896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=12896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}