Elon Musk's Tesla Still HODLing $218M in Bitcoin

Despite the bear market and Twitter battle, Tesla remains one of the largest corporate holders of Bitcoin.

Tesla's Bitcoin holdings remain unchanged from the second quarter of 2022, according to documents released by the electric car manufacturer ahead of its third-quarter investor relations call. 

In Tesla's report released to the public on Wednesday, the company says it still holds $218 million in Bitcoin. In July, 

Tesla announced that it sold 75% of its Bitcoin holdings, around $936 million at the time. After the sale, 

Tesla reported it continued to hold $222 million worth of "digital assets" on its balance sheet as of the end of June. 

Tesla remains one of the largest holders of Bitcoin by a publicly traded company, 

MicroStrategy with 130,000 BTC (around $2.48 billion) and Galaxy Digital Holdings with 16,400 BTC (about $313 million). 

Musk's plan to buy Twitter and the subsequent legal battle over wanting to back out of the deal 

did not factor into the decision at the time, nor does it seem to have changed the company’s stance on crypto. 

One idea floated included adding a payment option using Musk's favorite cryptocurrency, Dogecoin. 

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