Arkham: Tesla's 11,509 BTC holdings near $1 billion
- —Tesla holds 11,509 BTC, worth about $995 million at current prices
- —Bitcoin's 14% weekly gain added roughly $123 million to the position
- —The stash is about $5.1 million short of the $1 billion mark
- —Tesla's bitcoin holdings have been unchanged for four years
Why it matters: One of the largest corporate bitcoin holders is again approaching $1 billion, reinforcing the corporate-demand narrative.
Source: PANews