Elon Musk’s Tesla still owns 11,509 BTC, now valued above $1.25 billion according to Arkham data.
The electric-vehicle giant has not sold any coins this year, underscoring Musk’s long-term belief in Bitcoin’s utility.
From Payments to Preservation
Tesla famously bought $1.5 billion worth of BTC in early 2021 and briefly accepted it for car purchases.
Environmental concerns led the company to pause that payment option, yet it retained most of its stash, trimming only small portions for liquidity.
Contrarian Patience
Analysts note Tesla’s refusal to sell during sharp rallies or panic during dips sets it apart from corporates that actively trade their treasuries.
The strategy echoes moves by MicroStrategy and signals that blue-chip balance sheets may treat BTC as a strategic reserve asset rather than a speculative chip.
Market Snapshot
After printing a new all-time high near $111,400, Bitcoin slipped 1.85% to around $109,448.
Trading volume fell nearly 13% to $67.9 billion, but Bitcoin’s $2.17 trillion market cap still rivals the GDP of mid-sized nations.
Whales such as James Wynn also vow not to sell, reinforcing a supply-shock narrative that could constrict float if institutional demand accelerates.