Tesla, an electric vehicle manufacturer led by Elon Musk, reported holding approximately 11,509 bitcoins with a total cost basis of $387 million. The EV giant’s Bitcoin investment is currently worth more than $1 billion.
As per its latest 10-K filing, Tesla noted that during the years ended December 31, 2024, and 2023, the company purchased or received only immaterial amounts of digital assets.
The filing says, “During the years ended December 31, 2023 and 2022, $204 million of impairment losses on digital assets, respectively.”
This means that Tesla recognized significant losses in both years, with a higher impairment in 2023, possibly due to market volatility or lower Bitcoin prices at the time.
As of February 10, 2025, Bitcoin (BTC) is trading at approximately $97,000, reflecting a 1.37% increase from the previous close. With this price, Tesla’s 11,509 BTC holdings would be worth approximately $1.12 billion.
MicroStrategy remains the largest corporate Bitcoin holder, with 478,740 BTC acquired for $31.1 billion at an average cost of $65,033 per BTC.
Also Read: Tesla and SpaceX Bitcoin Holdings Hit $2B Amid BTC Surge
