TREE NEWS reports: Tesla still holds roughly 8,430 bitcoin, worth about $960 million. The company bought $1.5 billion of bitcoin in February 2021, sold about 4,670 BTC between March and April 2021 for a gain of roughly $100.2 million, and moved about 30,690 BTC to Coinbase during the May 2022 LUNA collapse, when the market widely assumed it had sold most of its holdings. Tesla did not further reduce its bitcoin position during the FTX collapse in 2022.
Arkham: Tesla Still Holds About 8,430 Bitcoin Worth $960M
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AI take
The significance here is less about the size of the position than about the discrepancy between market assumption and on-chain reality: the 2022 transfer to Coinbase was widely read as an exit, and Tesla's holdings apparently survived both that episode and the FTX collapse intact. That makes corporate bitcoin treasuries a case where disclosed balance sheets, not wallet movements, are the reliable signal. Whether other large holders' Coinbase transfers were similarly misread remains an open question worth watching.
Generated by AI for reference only.
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