By Guest 
Tesla’s recently released financial report for the third quarter reveals that the company’s Bitcoin (BTC) holdings have remained stable throughout the year. Tesla continues to hold 11,509 Bitcoin, valued at approximately $765 million.
Currently, Tesla ranks as the fourth largest Bitcoin holder among U.S. companies, following MicroStrategy, Marathon Digital Holdings, and Riot Platforms. Speculation had arisen regarding possible sales or transfers of Tesla’s Bitcoin assets due to some recent wallet transactions, but the latest report confirms that no sales have taken place.
Tesla Confirms: No Bitcoin Sold!
The analytical team at Arkham Intelligence noted that these transactions were conducted to enhance the security of Tesla’s reserves. The company’s Bitcoin holdings are now distributed across seven wallets, each containing between 1,100 and 2,200 Bitcoin.
Tesla’s financial report for Q3 surprised many analysts, exceeding expectations in several areas. The company achieved a profit margin of 19.8%, a significant improvement from the previous quarter’s 18%.
Although Tesla’s revenue reached $25.1 billion, slightly below the forecast of $25.4 billion, it still represents an 8% growth compared to the previous year. CEO Elon Musk previously indicated that the nearly 50% drop in company profits at the end of Q2 was due to competition with lower-priced vehicles, assuring investors that this decline was temporary.
It’s worth noting that SpaceX, another of Musk’s ventures, holds 8,285 Bitcoin, valued at $560 million. As Bitcoin remains around the $67 mark, it remains to be seen whether Tesla’s report will have any impact on the market.