Despite this latest development, Tesla’s quarterly report makes no mention of Bitcoin, indicating that there have been no recent purchases or sales of BTC by the company for the past three months.
According to Bitcoin Treasuries, Tesla is currently the third-largest public holder of Bitcoin, owning more than 9,720 BTC, following behind MicroStrategy, a software firm, and Marathon Digital, a mining company.
Following the release of the report, the Bitcoin market experienced a modest increase of 1.8% in its price. As of now, the flagship cryptocurrency is trading at $40,000.
In February 2021, Tesla, under the leadership of Elon Musk, made headlines by investing $1.5 billion in Bitcoin. Simultaneously, the company announced its decision to accept Bitcoin as a valid form of payment.
Tesla’s most recent sale of Bitcoin took place in Q2 of 2022, with sales amounting to over $900 million. Consequently, the company’s crypto reserves have remained unchanged for several consecutive quarters.
In a recent announcement, Musk revealed his vision of using cryptocurrency in his future Mars colony. The ambitious entrepreneur has plans to eventually establish a fully functional settlement on the closest potentially habitable planet.