Tesla Bitcoin: Company still holds 11.900 BTC valued at $1,2 billion

• Tesla holds 11.900 BTC in custody with Coinbase
• Tesla's Bitcoin Assets Are Worth $1,2 Billion
• Elon Musk Reduces Initial Holding of 43.200 BTC

Elon Musk's Tesla (TSLA) company still holds 11.900 units of Bitcoin (BTC), currently estimated to be worth around $1,2 billion. The revelation is based on the latest data analyzed by Arkham Intelligence, which indicates that the company holds part of its BTC reserves with Coinbase Prime Custody.

At the time of publication, the price of BTC was quoted at US$107.689 with a drop of 1% in the last 24 hours.

Tesla's entry into the cryptocurrency market officially took place in the first quarter of 2021, when the company announced the acquisition of 43.200 BTC, then valued at around $1,5 billion. At the time, the company had begun accepting Bitcoin payments for its electric vehicles, but suspended this option shortly after, citing concerns about the environmental impact of proof-of-work mining.

Since then, Tesla has reduced its exposure. In the first quarter of 2021, it sold 10% of its BTC, pocketing $272 million. In the second quarter of 2022, it sold 75% of its remaining position, reducing the balance to 9.720 BTC. The sales were justified as a need for liquidity, according to Musk. The company later increased its reserves again, reaching the 11.509 BTC declared in April 2025.

With BTC’s recent surge to a new all-time high of $112.000, Tesla’s digital assets have now surpassed $1,2 billion in market value. Had it held onto its initial 43.200 BTC, the company would now have nearly $5 billion in Bitcoin.

Other companies are following similar strategies. Strategy, for example, has accumulated 576.230 BTC after purchasing 7.390 BTC in May, which represents approximately $63 billion. Japan’s Metaplanet recently added 1.004 BTC, bringing it closer to its target of 10 units.

In the public sector, interest in BTC reserves is growing. In the United States, the federal government has approved the use of Bitcoin from seizures to form Treasury bonds. Texas and New Hampshire have also adopted similar measures at the state level.

Corporate adoption has been boosted by a recent change in Financial Accounting Standards Board (FASB) rules allowing publicly traded companies to report cryptocurrencies at fair market value. Previously, digital assets were recorded only at cost, disregarding subsequent appreciation — which impacted the balance sheets of companies like Tesla even during bull markets.