A look at the Tesla Bitcoin holdings 2024 approximately at the moment cutting through the bull.
Alas, Tesla’s Bitcoin holdings in 2024 remain a topic of interest and some uncertainty it should be prudently noted.
While the company’s (owned and run by Elon Musk) initial investment of $1.5 billion in Bitcoin in 2021 garnered significant attention — they did in fact later sold a substantial portion (75%) of their holdings in 2022.
However, reports from various sources indicate that Tesla has maintained a large portion of its Bitcoin holdings into 2024.
The value back in January 2024 was approximately $385 million on their balance sheet but that does not account now for the massive gains BTC has experienced in terms of increase in value this year as of July 2024.
CRYPTO NEWS: Metaverse real estate investment opportunities
As for the coins themselves, estimates suggest that the company still holds around 9,720 to 11,509 Bitcoins, placing it among the largest public holders of the cryptocurrency.
Elon Musk’s other company Space X also own a lot of bitcoin.
As per the above, on Tesla, the value of Tesla’s remaining Bitcoin holdings has fluctuated with the price of Bitcoin itself, that happens.
While some reports have indicated a value of over $600 million, others suggest it could be as high as $745 million or more now.
Given the fact as of July 2024 one bit coin has gone past $64,000 recently so rest assured Tesla and Space X are doing well.
CRYPTO NEWS: Why NFTs Failed and Died: Celebrity Garbage
It’s important to also note that Tesla has not publicly announced any further changes to its Bitcoin holdings since 2022.
Musk himself however is not shy personally about giving his own views on Bitcoin.
Therefore, the precise exact amount they currently hold, as well as any future plans for buying or selling Bitcoin, remain unclear.
This market changes quickly so expect the unexpected.
