Bitcoin’s roughly 14% rally in a week added about $122.6 million to Tesla’s 11,509-BTC holdings, bringing their estimated value close to $1 billion, according to Arkham Intelligence. The gain is unrealized; Tesla has not disclosed recent Bitcoin purchases or sales.
Arkham’s onchain data groups Tesla’s holdings across 584 addresses. It valued them at $997.88 million when Bitcoin was $86,702; at $84,197, the price when the article was written, the estimate was about $969 million.
Tesla bought 43,200 BTC in February 2021, then sold 10% of that position in the first quarter of 2021 and roughly 75% of what remained in the second quarter of 2022.
