Despite speculation, Elon Musk's Tesla's commitment to its Bitcoin assets stands firm, reassuring investors.
MicroStrategy outperformed tech giants, while Bitcoin ETFs may surpass Satoshi Nakamoto’s holdings.holdings, confirming that the company has not altered its BTC position this year.nearly its entire Bitcoin stash, valued at approximately $760 million, to unknown wallets, raising concerns of impending sell-offs.For context, Tesla maintains a significant stake in Bitcoin, holding 11,509 BTC, valued at approximately $765 million at press time.
This positions Tesla as the fourth-largest BTC holder among publicly traded companies in the United States, following behind industry leaders MicroStrategy, Marathon Digital Holdings, and Riot Platforms. Additionally, Elon Musk’s SpaceX possesses 8,285 BTC, valued at approximately $560 million, positioning it as the seventh-largest Bitcoin holder among private companies.on the 23rd of October, Tesla disclosed that it has maintained its digital asset investments, with no sales from its $184 million crypto holdings during the quarter.As expected, the company reported a revenue exceeding $25.18 billion for the third quarter, a slight decrease from approximately $25.5 billion in Q2.
However, Tesla’s net income surged to around $2.18 billion, reflecting a notable increase from the previous quarter’s net income of approximately $1.5 billion.However, while Tesla’s BTC holdings have remained steady, Michael Saylor’s MicroStrategy has itself by outperforming notable tech giants, including Nvidia, Tesla, and Microsoft, throughout July.d its position in the market, eclipsing heavyweights like Apple, Microsoft, NVIDIA, and Amazon.that Bitcoin exchange-traded funds could potentially overtake Satoshi Nakamoto—the mysterious creator of Bitcoin—as the largest holders of the cryptocurrency by Christmas.
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