Satoshi

2024

Bitcoin

Show

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Tesla’s Q3 earnings report confirms the company’s unchanged Bitcoin holdings at 11,509 BTC, valued at roughly $765 million.</li> 
 <li>MicroStrategy outperforms tech giants in Bitcoin holdings, and Bitcoin ETFs may surpass Satoshi Nakamoto’s holdings.</li> 
</ul>  
<p>Tesla’s Q3 earnings report has dispelled rumors about the company’s <a href="https://coineagle.com/price/bitcoin/">Bitcoin</a> position, affirming that it hasn’t changed this year. </p> 
<p>Speculation was rife when Tesla moved almost all of its Bitcoin stash, worth around $760 million, to unknown wallets, leading to fears of possible sell-offs. </p> 
<h2 id="tesla-s-bitcoin-holdings-in-q3">Tesla’s Bitcoin Holdings in Q3</h2> 
<p>Tesla holds a substantial stake in Bitcoin, with 11,509 BTC, valued at about $765 million. </p> 
<p>This places Tesla as the fourth-largest Bitcoin holder among publicly traded US companies, trailing MicroStrategy, Marathon Digital Holdings, and Riot Platforms. </p> 
<p>Furthermore, Elon Musk’s SpaceX owns 8,285 BTC, worth around $560 million, ranking it as the seventh-largest Bitcoin holder among private firms. </p> 
<p>In its Q3 2024 earnings report released on October 23rd, Tesla revealed that it has kept its digital asset investments, with no sales from its $184 million crypto holdings during the quarter. </p> 
<p>This is the fifth quarter in a row without any crypto sales. </p> 
<h2 id="other-institutional-players">Other Institutional Players</h2> 
<p>While Tesla’s Bitcoin holdings have stayed stable, MicroStrategy, led by Michael Saylor, has stood out by outpacing major tech companies, including Nvidia, Tesla, and Microsoft, in July. </p> 
<p>By September, MicroStrategy had further cemented its market position, surpassing heavyweights like Apple, Microsoft, NVIDIA, and Amazon. </p> 
<p>Eric Balchunas, a top ETF analyst at Bloomberg, even predicted that Bitcoin ETFs might potentially surpass Satoshi Nakamoto, Bitcoin’s elusive creator, as the largest holders of the cryptocurrency by Christmas. </p> 
<p>As per the latest data from CoinMarketCap, Bitcoin is trading at $67,371.08, showing a 1.68% increase over the past 24 hours. </p>

Q3 Results Show Tesla Holds Firm on Bitcoin Assets

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CoinEagle.com

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