Tesla's bitcoin holdings held steady at 9,720 BTC in the third quarter, the U.S.-based car manufacturer's new earnings report revealed Wednesday.mention bitcoin, meaning the company did not buy or sell any BTC in the three months to September. The holding, worth $275.4 million at the current market price of $28,300, has remained unchanged for the fifth consecutive quarter.
Tesla, led by crypto propounder Elon Musk, invested $1.5 billion in bitcoin in February 2021, accumulating around 43,000 tokens. In the same month, Tesla said it would begin accepting bitcoin as a form of payment. The company, however, walked back on its intentions in the subsequent months. It sold 4,320 BTC in the first quarter of 2021 and liquidated 75% of the remaining balance at a hefty loss last year.Tesla reported a net income of $1.85 billion for the July-September quarter, registering a 44 percent decline from a year earlier, with earnings per share falling to 53 cents from 95 cents.
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