Tesla CEO Elon Musk has been one of the main reasons Bitcoin saw a tremendous value increase in recent years. In January 2021, the electric car company added about $1.5 billion Bitcoin (BTC) to its reserve.
Over the past week, the company announced the sale of its Bitcoin investments. Per the official announcement, Tesla sold about 75% of its Bitcoin holdings.
Many analysts were musing about their Bitcoin holdings after this considerable decrease. However, a recent SEC filing has disclosed the details of how much BTC it owns.
After the recent sale, Tesla reportedly owns about $222 million in Bitcoin. Tesla has said that it holds other digital assets other than Bitcoin.
Elon Musk had said in a statement that the reason for their sale of Bitcoin was China’s Covid lockdowns. Also, he said that they hadn’t sold their Dogecoin holdings.
Despite the Bitcoin sale, Tesla is still a significant Bitcoin corporate holder. While it also has other digital assets that are not specified in the report.