Friday, November 22, 2024
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This is how much Bitcoin Tesla is holding

Have you ever wondered how much Bitcoin the world’s largest EV makers hold? If yes, then this article is for you. According to the business’s most recent financial statement, Elon Musk’s electric car manufacturer, Tesla, did not sell any bitcoin in the fourth quarter. Tesla has $1.26 billion worth of bitcoin. The company is yet to restart accepting bitcoin payments, but it does now accept the meme cryptocurrency Dogecoin (DOGE) for select items.

Musk stated that Tesla will restart accepting BTC whenever bitcoin miners can demonstrate that they are using clean energy. 

Musk stated:

“Tesla will resume permitting Bitcoin transactions when there is confirmation of reasonable (50 percent) renewable energy utilization by miners with a positive future trend.” 

Tesla, on the other hand, is yet to resume accepting bitcoin.

That’s all about Tesla’s Bitcoin holding. Do you want to reveal yours in the comment section?

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Kunal Krishan
Kunal Krishan
Kunal is an investment space writer who firmly believes investment is something which should not be a choice but a part of everyone's life.
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