Tesla Maintains $1.25 Billion In Bitcoin Holdings, Signaling Continued Confidence
The post Tesla Maintains $1.25 Billion In Bitcoin Holdings, Signaling Continued Confidence appeared on BitcoinEthereumNews.com.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Tesla Inc. still owns about 11,900 BTC. At today’s rate of $108,929.10 per coin, that stash is worth roughly $1.257 billion. According to on-chain data shared by Arkham Intelligence on X, the electric car maker hasn’t budged from its HODL stance since its first big buy in Q1 2021. Tesla’s Bitcoin Holdings Confirmed Based on reports, Tesla keeps its coins with Coinbase Prime Custody. The move underlines the firm’s comfort with holding large amounts of Bitcoin. A drop of 1% in the last 24 hours hasn’t prompted any sell-off. Back in 2021, Tesla spent $1.5 billion to buy Bitcoin. It later sold slices worth about $1.2 billion, but never fully cashed out. Tesla now holds over $1.25 Billion of BTC. Elon Musk is bullish on Bitcoin. pic.twitter.com/rNbzOP1QPJ — Arkham (@arkham) May 23, 2025 Corporate Buyers Step In More firms are piling into Bitcoin, and they’re buying at scale. Strategy Inc., led by Michael Saylor, holds 576,230 BTC after adding 7,390 coins for $765 million. That move sent its stock over $400. A tech outfit trading under ticker 3350.T has 7,800 BTC on its books. It plans to reach 10,000 BTC and saw its stock jump 15% after a latest purchase of 1,004 coins. States Seek Bitcoin Reserves US President Donald Trump’s return to office this year has sparked fresh interest in public Bitcoin holdings. New Hampshire passed a bill on May 6 that lets certain state funds put up to 5% into Bitcoin and other big crypto assets. BTC is currently trading at $108,290. Chart: TradingView In Texas, the House approved Senate Bill 21 on May 22 by a 101–42 vote, setting up a Texas Strategic Bitcoin Reserve. Governors in both states are weighing when to sign.…
Filed under: News - @ May 24, 2025 5:24 pm