Tesla Holds on to Bitcoin, Reports Q3 Earnings Without Any Sale of BTC

According to Tesla's Q3 earnings report, the company did not sell any of its Bitcoin holdings in the last three months. As of September 30th, Tesla held around 9,720 BTC worth approximately $275.6 million. The report did not mention any conversion of BTC to fiat currency, indicating that the company did not make any proactive selloff move. Tesla first invested $1.5 billion in Bitcoin in early 2021 and bought 43,000 units at an estimated average price of around $34,000. After selling a portion of its holdings in Q2 2022, Tesla has since maintained its Bitcoin HODLing agenda.

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