Tesla reported to the U.S. Securities and Exchange Commission (SEC) in its annual report that it held 11,509 Bitcoins worth $1.07 billion by the end of 2024. This figure included $589 million in unrealized gains due to new accounting rules. Data from Arkham Blockchain Analysis also confirms this asset amount. In 2021, Tesla introduced Bitcoin as a reserve asset with a $1.5 billion purchase but halted its acceptance due to environmental concerns. Tesla sold about 75% of its Bitcoin holdings in 2022, but Musk stated that the company is ready to increase investments in digital currencies. Elon Musk, Tesla’s CEO, has had a fluctuating stance on Bitcoin and emphasized the need for cleaner mining. He also disclosed personal holdings of Bitcoin, Ethereum, and Dogecoin, and his space company, SpaceX, also owns Bitcoin.
