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No, Tesla did not buy more bitcoin last quarter This morning, rumors circulated of a surprise bitcoin (BTC) purchase by Elon Musk’s Tesla. Citing a Securities and Exchange Commission (SEC) filing, social media users screenshotted supposed proof that Tesla had purchased BTC in the fourth quarter of 2024 and increased its stack to 11,509 BTC. However, the filing doesn’t reveal any new purchases. It’s been common knowledge that Tesla has owned at least 11,509 BTC throughout 2024 and as early as the first quarter of 2023. Tesla continues to hold ~11,950 BTC ($350m) https://t.co/kfPcdXzGIP — db (@tier10k) April 19, 2023 We’ve known about Tesla’s more than 11,500 bitcoin since Q1 2023. Tesla has moved its BTC to various new wallets, including an October 2024 transfer to prime custody. However, its holdings haven’t increased in years . Some of today’s confusion stems from a BTC tracking website for corporations, NVK’s BitcoinTreasu...

In yet another move that assures the company’s commitment to Bitcoin, MicroStrategy has bought another $1.11 billion worth of BTC. Indeed, the Michael Saylor-led software intelligence firm has continued to embrace the accumulation of the leading cryptocurrency. For years, Saylor has been an outspoken advocate of the asset class. That is clearly seen in how the company has made BTC accumulation one of its core tenants. Now, the firm holds a remarkable 244,800 BTC that was bought for more than $9.4 billion, according to a post on X (formerly Twitter). JUST IN: MicroStrategy buys another 18,300 #Bitcoin ($1.11 billion). — Watcher.Guru (@WatcherGuru) September 13, 2024 Also Read: Bitcoin: Michael Saylor Says BTC Will Eventually Reach $13M Michael Saylor’s MicroStrategy Buys Another 18,300 BTC 2024 has proven to be a vital year for the cryptocurrency market. Bitcoin has been a key story throughout the finance sector. It received the first crypto-based ETF in the United Stat...