According to an update from Arkham Intelligence, Elon Musk's electric car company, Tesla, holds 11,900 BTC, worth approximately 1.2 billion USD.
Tesla currently holds 11,900 BTC, equivalent to approximately $1.2 billion, according to data from Arkham Intelligence. The company began investing in Bitcoin in Q1 2021, acquiring a total of 43,200 BTC ($1.5 billion) and previously accepted Bitcoin as a payment method for electric vehicles.
However, Tesla stopped supporting BTC payments in May 2021 due to concerns about the environmental impact of Bitcoin’s proof-of-work (PoW) mechanism, which is energy-intensive and heavily reliant on fossil fuels. To manage its large Bitcoin holdings, Tesla uses Coinbase Prime Custody for vaulting services and has adjusted its investment strategy to prioritize sustainability.
In 2021, Elon Musk oversaw the purchase of $1.5 billion in Bitcoin, but Tesla later sold part of its holdings to ensure liquidity. As of April 22, 2025, Tesla’s Bitcoin holdings reached 11,509 BTC, valued at approximately $1.05 billion, which has now increased to $1.2 billion due to a significant rise in Bitcoin prices.
