Tesla's Bitcoin holdings did not increase or decrease in the first quarter

Tesla has released its Q1 2024 financial report. It was observed that the company's Bitcoin assets did not increase or decrease, and the asset size remained unchanged. According to data tracked by Bitcoin Treasuries, Tesla holds 9,720 BTC, making it the third-largest public holder of this asset, behind only software company MicroStrategy (MSTR) and mining company Marathon (MARA). At the time of writing this article, the value of BTC held by Tesla is approximately $647 million, and the cost of Tesla's purchase of these bitcoins was $337 million.