No, Tesla did not buy more bitcoin last quarter
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...