The leading electric vehicle manufacturer reported no changes to its Bitcoin holdings in the second quarter of the year, extending one of the longest uninterrupted corporate BTC streaks.
Meanwhile, the same cannot be said about other major crypto corporate holders, while another one of Elon Musk’s companies, SpaceX, which went public recently, made a small BTC transfer, raising some questions.
Tesla HODLs
It’s worth noting that Bitcoin was not mentioned extensively during the recently reported earnings call, but the absence of any transaction was enough to reassure investors that there’s no change in the company’s holdings. This means that the EV maker’s crypto position remains the same – 11,509 BTC, making it one of the largest publicly traded corporate holders of the primary cryptocurrency.
The Musk-led entity entered the Bitcoin market in early 2021, making a $1.5 billion purchase in one of the most influential corporate crypto investments ever announced. However, it later sold 10% of its holdings to test BTC’s liquidity before disposing of 75% of its remaining position during the 2022 bear market. At the time, Musk said the firm needed to strengthen its cash position amid the growing economic uncertainty.
Since then, the company has halted any sales or purchases, leaving its stash untouched. Quarter after quarter, Tesla has reported the same 11,509 BTC on its balance sheet despite the cryptocurrency’s rallies, corrections, new all-time highs, and significant volatility.
This makes Tesla one of the few major corporate holders of BTC whose strategy has remained unchanged for over three years. Musk’s SpaceX has also retained its BTC holdings untouched lately. The latest SEC filing before its IPO revealed that it still owns 18,712 BTC. However, it made a minor transfer in early July, which caused some FUD but didn’t lead to anything more profound.
Tesla Vs Bitcoin Market Cap
While the EV continues to maintain its cryptocurrency positions, it’s worth observing the battle between the two in terms of market capitalization. Data from CompaniesMarketCap shows that they are actually very close to each other, just outside the top 10.
Bitcoin’s current market cap stands at $1.310 trillion, while Tesla closed Friday at $1.262 trillion. The cryptocurrency occupies the 13th position, far below its record of 6, while Tesla remains a spot lower. Meta Platforms and SpaceX are the other two just outside the top 10.
The post Here’s What Tesla Did With Its Bitcoin Holdings in Q2 2026 appeared first on CryptoPotato.