Tesla still holding $218 million in Bitcoin․ The company did sell almost 75 % of its BTC holding back in July when it was reported that the worth of Bitcoin it held stood at $222 million. The sale added $936 million in cash to its books and created a profit of $64 million.
However, in its new Q3 report Tesla shows it’s holding about the same amount – 10725 BTC, or $218M worth of Bitcoin on its balance sheet.
In its quarterly report, Tesla also reported a profit of $3.3 billion out of total revenue of $21.45 billion.
Tesla had digital assets worth $1.26 billion in the first quarter this year, but as its CEO Elon Musk then said – the sale had to take place because of liquidity worries regarding pandemic-related lockdowns in China.
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