In the world of Bitcoin and altcoins, yesterday we focused significantly on Tesla’s last quarterly earnings. The figures have been announced. However, Elon Musk did not buy or sell BTC in the last three months. BTC continues to exist. However, at this point, companies continue to own BTC. It is a matter of curiosity which company holds how much BTC. Let’s look at the details.
Musk’s evolving relationship with Bitcoin
In Tesla’s highly anticipated 2023 Q3 earnings report, company founder Elon Musk made headlines with his notable stance on Bitcoin (BTC). The report revealed that, unlike previous market-changing decisions, Musk neither bought nor sold Bitcoin in the past three months.
Elon Musk’s relationship with Bitcoin is the subject of much intrigue and speculation. Musk sold 70% of his Bitcoin assets for approximately $29,000 per BTC in 2022, leading to a significant reduction in his BTC portfolio. Musk had around 43,000 BTC at one point. However, these sales reduced their holdings below the 10,000 BTC limit.
Companies with significant BTC holdings
It is necessary to compare Tesla’s current Bitcoin holdings with other leading companies. Accordingly, an interesting view emerges regarding the adoption of cryptocurrency. When we look at the companies’ BTC ownership, MicroStrategy comes first. Accordingly, the business intelligence company owns 158,245 BTC. Additionally, its CEO, Michael Saylor, remains a staunch and passionate Bitcoin advocate. Marathon Digital is in second place. Marathon Digital, a popular cryptocurrency mining company, has 11,466 BTC, surpassing Tesla’s holdings.
Coinbase ranks fourth. Coinbase holds 9,480 BTC. But let’s say that these assets primarily represent customer funds. In fifth place is HUT 8 Mining with 8,388 BTC. This company is followed by Block, Riot Blockchain and Galaxy Digital.
Musk’s BTC holdings
Elon Musk’s current Bitcoin assets reach 9,200 BTC. Accordingly, it ranks third on the list. This makes him one of the notable figures in the cryptocurrency world. Tesla’s latest report points to a period of stability in BTC holdings, unlike Musk’s history of influencing the market with his Bitcoin-related decisions.
When we look at Kriptokoin.com, market participants and enthusiasts are now following these companies closely. Every Bitcoin move attracts attention. On the other hand, the steps of Elon Musk, who continues to be an important figure in the world of digital assets, in his crypto journey will be carefully monitored.
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.