Tesla Bitcoin Holdings: 11,509 BTC Worth $1B in SEC Filing
Tesla Bitcoin holdings have reached a significant milestone as the company’s SEC filing reveals the ownership of a whopping 11,509 BTC, valued at over $1 billion right now. The electric vehicle manufacturer’s crypto investments show a remarkable profit growth while Bitcoin is feeling the effects of market volatility, with a reported $589 million unrealized gain under new accounting standards. These Tesla Bitcoin holdings represent one of the largest corporate cryptocurrency positions in the market. Source: SEC.gov Also Read: Top 3 Cryptocurrencies Predicted To Hit New All-Time Highs Soon Understanding Tesla’s Bitcoin Holdings and the Impact on Market Volatility Source: Bitcoin.com Q4 2024 Profit Surge Source: Watcher Guru Several reports show that Tesla’s Bitcoin security risks were managed well through the period of Q4 in the year 2024. The company made some impressive gains of about $600 million without buying any more cryptocurrency. Multiple market watchers n...