Elon Musk’s Tesla Still Bullish On Bitcoin, Holds $1.25B BTC
Blockchain analytics platform Arkham Intelligence has revealed that Tesla Inc.’s Bitcoin (BTC) holdings are now worth around $1.25 billion. With this size of its BTC bag, the Elon Musk-owned automaker and its founder are now confirmed HODLers of the top coin. General sentiment hints at how bullish the firm is on the flagship cryptocurrency. Tesla Bitcoin Holdings Show Elon Musk is Bullish As revealed on X by Arkham Intelligence via a screenshot, Tesla currently holds $1,257,345,294.56 worth of Bitcoin. One unit of Bitcoin is currently trading at $108,929.10, following a 2.02% drawdown in the last 24 hours. At this price level, the car manufacturer holds around 11,900 BTC. The firm is leveraging Coinbase Prime Custody as its custodian for this massive holding. It is hardly surprising that Tesla holds such a Bitcoin bag. The company stunned the broader market when it bought $1.5 billion worth of the coin in Q1… Read More at Coingape.com
The post Elon Musk’s Tesla Still Bullish On Bitcoin, Holds $1.25B BTC appeared first on CoinGape.
