Tesla Has Not Sold Any Bitcoins Recently
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According to the results of Q4 2022, the negative revaluation of 9,720 BTC on Tesla’s balance sheet amounted to $34 million. However, the company did not carry out any operation with its crypto during the last reporting period.
According to the report submitted by the company, the 15% decline in the price of Bitcoin between October and December did not trigger a Bitcoin sale, which the electric car manufacturer bought at an average of $32,099.
This clearly contrasts with the results for Q2 2022, when the company announced it had converted approximately 75% of its own Bitcoins into cash and made $936 million through the transaction.
The company estimated the value of BTC on its balance sheet at $184 million at the end of last year.
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