12 hours ago
5
Tesla, an electrical conveyance shaper led by Elon Musk, reported holding astir 11,509 bitcoins with a full outgo ground of $387 million. The EV giant’s Bitcoin concern is presently worthy much than $1 billion.
As per its latest 10-K filing, Tesla noted that during the years ended December 31, 2024, and 2023, the institution purchased oregon received lone immaterial amounts of integer assets.
Tesla’s Bitcoin Holding, Source: 10-K filingThe filing says, “During the years ended December 31, 2023 and 2022, $204 cardinal of impairment losses connected integer assets, respectively.”
This means that Tesla recognized important losses successful some years, with a higher impairment successful 2023, perchance owed to marketplace volatility oregon little Bitcoin prices astatine the time.
As of February 10, 2025, Bitcoin (BTC) is trading astatine astir $97,000, reflecting a 1.37% summation from the erstwhile close. With this price, Tesla’s 11,509 BTC holdings would beryllium worthy astir $1.12 billion.
MicroStrategy remains the largest firm Bitcoin holder, with 478,740 BTC acquired for $31.1 cardinal astatine an mean outgo of $65,033 per BTC.
Also Read: Tesla and SpaceX Bitcoin Holdings Hit $2B Amid BTC Surge
English (US) ·