Tesla has made $710 million on its Bitcoin holdings in four years
- —Tesla holds 8,430 BTC worth about $960 million as of October 13, per Arkham
- —Paper gains on the Bitcoin position have exceeded $710 million over four years
- —Tesla bought $1.5 billion worth of BTC in 2021 and sold 4,670 BTC
- —The company's balance has stayed near 8,430 BTC since 2022
Why it matters: Tesla remains one of the largest public holders of Bitcoin, and its gains underscore a corporate strategy of holding BTC on the balance sheet.
Source: Coin Türk