Tesla Bitcoin Holdings Did Not Increase or Decrease in Q1

Tesla has released its Q1 2024 financial results, and it was observed that the company's Bitcoin assets have not increased or decreased, with the size of the asset remaining the same. According to data tracked by Bitcoin Treasuries, Tesla holds 9,720 BTC, making it the third-largest public holder of the asset behind software company MicroStrategy (MSTR) and mining company Marathon (MARA). At the time of writing, the value of BTC owned by Tesla is approximately $647 million, and the cost to Tesla of purchasing these bitcoins is $337 million.