Tesla’s Bitcoin Holdings Near $1 Billion As BTC Rally Adds $122 Million

Bitcoin (BTC) traded fairly flat Thursday after a strong weekly rally that pushed the cryptocurrency just over $87,000 on Monday, lifting the value of Tesla’s Bitcoin holdings to within striking distance of $1 billion.

Tesla holds 11,509 BTC, worth about $997.8 million at current prices, according to blockchain intelligence data cited by Arkham. The position has gained roughly $122.6 million over the past week as Bitcoin climbed about 14%. 

Notably, the increase has not come from a new Bitcoin purchase. Tesla’s BTC balance has remained unchanged at 11,509 coins for about four years, meaning the latest jump in the value of its holdings has come from Bitcoin’s price appreciation.

At its current valuation, Tesla’s Bitcoin stash is only about $5.1 million away from the $1 billion milestone. The company held about $872.3 million worth of BTC a week earlier, highlighting how quickly the value of a large cryptocurrency position can change during a market rally.

Moreover, Tesla’s 11,509 BTC represents roughly 0.055% of Bitcoin’s capped 21 million supply. The Elon Musk-led electric vehicle maker is also among the largest publicly listed companies with Bitcoin holdings globally. Data from BitcoinTreasuries ranks Tesla 11th among public companies by BTC holdings, placing it behind companies such as Strategy, Metaplanet, MARA Holdings, Strive, Trump Media and SpaceX.