The Latest Situation in Tesla’s Bitcoin Investment: Has It Been Purchased in the Fourth Quarter?

According to current data, electric vehicle manufacturer Tesla’s Bitcoin investment remained at 9,720 Bitcoin during the 4th quarter of 2022. It turned out that electric vehicle manufacturer Tesla did not sell any of its BTCs or make new purchases during the quarter in question. Details are here.

Data from Bitcoin Treasuries revealed that Tesla did not process any BTC transactions in the last quarter of 2022. The amount of Bitcoin held by the leading electric vehicle manufacturing company Tesla during this period remained at 9,720. According to the data, Tesla preferred to remain inactive in terms of BTC transactions.

Tesla announced at the beginning of 2020 that it was investing in the leading crypto and it made a big noise at that time. In particular, this statement had a huge impact on the BTC price. In contrast, in July 2022, Musk announced that the company had sold 75% of its Bitcoin holdings. Upon the backlash, Musk also reported that he has plans to buy more.

The data obtained show that the average purchase cost of 9,720 BTC in the hands of Tesla is $ 32,099, and the market price is $ 20,109 as of the report date.

Following this report, the price of the leading cryptocurrency experienced a notable rise and is trading at $22,989 at press time.

You can follow the current price action here.

Source : the crypto basic

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