Tesla's Bitcoin Holdings Rise to Nearly $1 Billion Amid Price Surge
Tesla’s on-chain Bitcoin holdings have increased in value by approximately $122.6 million over the past week as Bitcoin prices surged above $86,000. According to Arkham Intelligence data, Tesla holds 11,509 BTC across multiple addresses, with a current valuation of nearly $1 billion. The gains are entirely unrealized and result from price appreciation rather than new purchases or sales. Tesla initially bought Bitcoin in February 2021 but has since sold portions of its holdings during two separate sell-offs. Despite not making any recent transactions, the company's position continues to grow passively due to market dynamics. Coinbase is listed as Tesla’s primary counterparty for on-chain activity related to these holdings. The value of Tesla’s Bitcoin portfolio fluctuates with price movements; at $86,702 per BTC in a recent snapshot, it was valued at around $997 million. However, the current market price places its valuation slightly lower but still close to the billion-dollar threshold.
Topics: Bitcoin onchain data Tesla holdings