Tesla's Q4 2023 Earnings Report Reveals No Bitcoin Sales or Purchases
Tesla's Q4 earnings report revealed that the company did not make any sales or purchases of Bitcoin during the quarter, and its Bitcoin holdings remained unchanged at approximately 9,720 Bitcoin. This places Tesla as the fourth-largest publicly traded company with a sizable Bitcoin portfolio. Meanwhile, MicroStrategy increased its Bitcoin holdings by 10% in December 2023, with BTC holdings now accounting for more than 70% of its overall stock market value. Bitcoin's recent price decline is attributed to Grayscale Bitcoin Trust redemptions by bankruptcy estates, impacting the value of the top digital currency.
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