Tesla's Untouched Bitcoin Stash Nears $1 Billion as Crypto Rallies

Tesla Inc. (TSLA) is closing in on a billion-dollar Bitcoin position without lifting a finger. The electric-vehicle maker's 11,509 BTC stake has appreciated to roughly $915 million as Bitcoin trades near $79,500, a sharp rebound from the $674 million value recorded at the end of June and within reach of the $1 billion milestone that has kept the company in crypto headlines for years.

The automaker has not moved a single coin since its last sale in 2022, according to on-chain data from Arkham Intelligence, which first flagged the unchanged position in March 2024. Tesla's own SEC filings later confirmed the figure. Across 584 on-chain addresses, the wallet activity shows zero transactions, even as the dollar value of the holdings swings with Bitcoin's price.

A separate snapshot from Arkham on Sept. 23 put the value at approximately $994.9 million, just $5.1 million short of the ten-figure mark, when Bitcoin briefly traded above $86,000. The position gained roughly $122.62 million in a single week as the cryptocurrency climbed about 14%. Those gains are entirely unrealized; Tesla has not sold any coins or locked in profit.

How Tesla Built the Position

The company's crypto exposure traces back to a single purchase in early 2021, when Tesla bought $1.5 billion worth of Bitcoin. It sold $272 million in the first quarter of 2021 and another $936 million in the second quarter of 2022. Between March and May 2021, the company briefly accepted Bitcoin as payment for vehicles before reversing course.