According to the revelation in X by Arkham Intelligence through a screenshot, Tesla currently holds $1,257,345,294.56 in Bitcoin. One unit of Bitcoin is currently priced at $108,929.10, after a drop of 2.02% in the last 24 hours. At this price level, the car manufacturer holds around 11,900 BTC.
It is not surprising that Tesla has such a large Bitcoin wallet. The company surprised the market by purchasing $1.5 billion in this currency in the first quarter of 2021.
Elon Musk has frequently considered integrating cryptocurrencies, such as Bitcoin and Dogecoin (DOGE), into his businesses. In January, there was increasing speculation about the possibility of Elon Musk's X Money integrating Bitcoin after it boosted Tesla's net income in the fourth quarter to $600 million.