{"id":23818,"date":"2023-10-19T02:51:10","date_gmt":"2023-10-19T02:51:10","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/tesla-earnings-bitcoin-bags-untouched-as-firm-splashes-out-on-ai\/"},"modified":"2023-10-19T02:51:12","modified_gmt":"2023-10-19T02:51:12","slug":"tesla-earnings-bitcoin-bags-untouched-as-firm-splashes-out-on-ai","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/tesla-earnings-bitcoin-bags-untouched-as-firm-splashes-out-on-ai\/","title":{"rendered":"Tesla earnings: Bitcoin bags untouched as firm splashes out on AI"},"content":{"rendered":"
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Electric vehicle maker Tesla\u00a0 made no changes to its sizeable Bitcoin (BTC) holdings \u2014 the fifth quarter in a row \u2014 though it has directed more funds to double its computing capacity amid artificial intelligence efforts.<\/p>\n
Tesla\u2019s Q3 2023 results released on Oct. 18 show as of Sept. 30, it held $184 million worth of digital assets \u2014 a portion of the $1.5 billion worth of Bitcoin it first bought in March 2021.<\/p>\n
The latest quarterly results mean it hasn\u2019t bought or sold any Bitcoin since its sell-off of around 75% of its holdings in Q2 2022 when it fetched $936 million for more than 30,000 BTC.<\/p>\n