Tesla’s latest earnings report reveals the company still possesses 9,720 bitcoins, valued at $275.6 million. The report suggests no conversion to fiat currency occurred, impacting profits and cash balance. Previously, Tesla held $1.5 billion in Bitcoin but sold a portion due to environmental concerns. Tesla’s bitcoin holdings remain the third-largest among public companies, with the company’s intentions for this asset still uncertain.
Elon Musk’s Tesla still holds $275 million in bitcoin
