During the years of its existence, a number of companies entered the Cryptocurrency market. The industry soon went from being associated with the dark web to the balance sheet for top companies all over the world. This shift was further driven by governments supporting Bitcoin (BTC). When Elon Musk joined Donald Trump in the US government, society expected a more friendly attitude towards Cryptocurrencies in the country. In the midst of this, society was anxious to witness the changes in Tesla’s BTC holdings.
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Tesla’s bitcoin -stash remains stable
Just in: Tesla $ TSLA Reveals that none of their $ 1,200,000 Bitcoin was sold during the fourth quarter of 2024. pic.twitter.com/vzmwmpyrrp
– watcher.guru (@watcherguru) January 29, 2025
It should be noted that Tesla first bought Bitcoin back in 2021. The company bought an astonishing 42 902 BTC. But Tesla’s interest in King Coin soon dipped when the company sold 75% of its holding in 2022. With its current holding, Tesla is the sixth largest listed company to own BTC on its balance sheet.
Tesla’s latest report makes headlines for a reason. Corporate owners of digital assets must start highlighting these assets to market each quarter during the first quarter of 2025, according to a new regulation issued by the Financial Accounting Standards Board (FASB). Before that, companies can choose to use the new regulation they consider, which is what Tesla has done.
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Looking at the BTC market
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