Tesla holds Bitcoin worth $222M, SEC filing disclose

– Tesla has remained one of the largest Bitcoin investors  – It recently sold 75% of its Bitcoin holdings. – According to the SEC filing, Tesla still holds Bitcoin worth $222 million.

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.

Conclusion

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.