News21 October 2022

Tesla decided to hold $218 million in bitcoin for the entire third quarter of 2022

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The electric car maker's latest third-quarter earnings report shows that Tesla made no changes to its bitcoin holdings after a big sale in the second quarter.

Remember, after all, they sold $1 billion worth of bitcoin back in the second quarter of 2022. Although there has been no change in Musk's crypto stocks in the third quarter.

Based on current prices, we can assume that Tesla still owns about 9,720 BTC.

In its second-quarter earnings report, Tesla sold 75% of its bitcoins during the quarter, adding $936 million in cash to its balance sheet and making a $64 million profit on the sale.

One of Tesla's latest products was a limited-edition whistle that went on sale in September, which could only be purchased for DOGE at $1,000 DOGE, or about $60 at the time.

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