Tesla holds 11,509 BTC after Q3, makes no bitcoin sales
- —Q3 revenue came in at $28.05 billion, essentially flat year over year
- —Adjusted EPS of $0.48 beat the $0.45 consensus; GAAP net income fell 43% to $787 million
- —Tesla kept its 11,509 BTC, booking a $288 million unrealized gain on the holdings
- —Free cash flow was $1.53 billion versus expectations of -$49.21 billion
Why it matters: Tesla remains one of the largest corporate bitcoin holders, and its decision not to sell removes a potential source of supply pressure on the market.
Source: PANews