TechFlow news, October 24 — According to Watcher.Guru, Tesla disclosed in its Q3 earnings report that it did not conduct any buying or selling of its $763.12 million Bitcoin holdings during the quarter. Previously, Tesla moved all of its Bitcoin assets from public wallets for the first time in Q3. Per Arkham Intelligence data, the company transferred its Bitcoin holdings into anonymous wallets through multiple transactions, without selling or converting any.
Since liquidating 75% of its Bitcoin position (approximately $936 million) in the second quarter of 2022, Tesla has maintained its remaining Bitcoin reserves unchanged. Meanwhile, SpaceX, also led by Musk, holds around $560 million worth of Bitcoin. Together, the two companies hold a combined 19,788 Bitcoins, valued at approximately $1.3 billion.
