Tesla’s $1.25 Billion Bitcoin Stash: Elon Musk’s Wild Crypto Ride Revealed!

In a plot twist that would make even the most seasoned soap opera writers blush, Arkham Intelligence has spilled the beans: Tesla, under the ever-quirky stewardship of Elon Musk, is still clutching onto a Bitcoin hoard worth a jaw-dropping $1.25 billion. Yes, you read that right—billion, with a “B.” Apparently, when it comes to Bitcoin, Musk and his electric car empire are less “to the moon” and more “to the vault.” 🚀🔒

According to a screenshot shared on X (because calling it Twitter is so 2022), Tesla’s digital piggy bank contains exactly $1,257,345,294.56 in Bitcoin. That’s about 11,900 BTC, each currently trading at a price that could buy you a small island—or at least a lifetime supply of avocado toast—$108,929.10 per coin. Sure, there’s been a 2.02% dip in the last 24 hours, but who’s counting? (Spoiler: everyone.)

For safekeeping, Tesla has entrusted its crypto fortune to Coinbase Prime Custody. Because if you’re going to HODL like a tech billionaire, you might as well do it with style—and a reputable custodian. It’s hardly shocking that Tesla is still riding the Bitcoin rollercoaster; after all, they sent shockwaves through Wall Street when they snapped up $1.5 billion worth of BTC back in Q1. The only thing more electrifying than their cars is their appetite for digital gold. ⚡💰

So, next time you see a Tesla zipping by, just remember: there’s a good chance it’s powered by both lithium-ion batteries and a healthy dose of crypto bravado.

For more eyebrow-raising financial adventures, check out Coingape.com. But don’t blame me if you end up buying Dogecoin on a whim.

Read More

2025-05-24 03:28