Tesla Inc., an electric car maker led by Elon Musk, did not sell or buy bitcoin during the fourth quarter of last year, according to its latest quarterly data. report.
Tesla Inc. did not report any Bitcoin-related activity in its fourth quarter report, suggesting the company holds 9,720 Bitcoins. The absence of any mention of the largest cryptocurrency by market capitalization means that Tesla is not involved in converting Bitcoin into fiat. These are the transactions typically included in these reports.
The company remains the third-largest Bitcoin holder among publicly traded companies, behind MicroStrategy Inc. and Marathon Digital Holdings. data from Bitcoin BTC
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Tesla last sold Bitcoin in the second quarter of 2022.g Bitcoin holdings increase by 75% According to the data, it offloaded $936 million worth of Bitcoin at the time.
In the fourth quarter of last year, Tesla recorded total sales of $25.2 billion, a 3% increase compared to the same period last year, according to the fourth quarter report. The company reported fourth-quarter earnings of 71 cents per share, compared to earnings of 74 cents per share. prediction by analysts.
The company’s net profit in the fourth quarter of last year was $7.9 billion, compared to $3.7 billion in the same period last year.
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