Arkham: Tesla still holds about 8,430 BTC worth $960M
- —Tesla holds about 8,430 BTC valued at roughly $960 million
- —The company bought $1.5 billion worth of bitcoin in February 2021
- —Tesla sold about 4,670 BTC in March-April 2021, netting $100.2 million
- —It did not sell any bitcoin during the FTX collapse in 2022
Why it matters: Confirms a major public holder stayed in bitcoin through a bear market, signaling resilient corporate demand.
Source: PANews