On January 30th, COINOTAG reported that Tesla (TSLA.O) released its financial results for Q4 2024, highlighting a notable absence of Bitcoin transactions. This marks the tenth consecutive quarter where the electric vehicle manufacturer refrained from engaging in any buying or selling of Bitcoin. Tesla’s current holdings remain steady at approximately 9,720 bitcoins, which were acquired at an average investment value of around $337 million. The company’s decision to maintain its Bitcoin position reflects a strategic approach amidst the *volatile cryptocurrency market*, indicating a focus on long-term asset values over short-term gains. Analysts speculate that Tesla’s ongoing commitment may influence future market trends, as institutional adoption of digital assets continues to grow. As the cryptocurrency ecosystem evolves, Tesla’s strategy will be closely monitored by investors seeking insights into corporate engagement with crypto assets.
Source: https://en.coinotag.com/breakingnews/tesla-holds-steady-no-bitcoin-transactions-for-tenth-consecutive-quarter-as-company-maintains-9720-btc/