 ▲ Elon Musk, Tesla, Bitcoin (BTC) / ChatGPT-generated image |
Amid extreme volatility in the cryptocurrency market, Elon Musk-led Tesla and SpaceX are reinforcing market confidence by maintaining a strong commitment to holding Bitcoin (BTC) without selling.
According to a March 6 report (local time) by cryptocurrency media outlet U.Today, citing data from on-chain analytics platform Arkham, no outflows have been detected from Tesla’s Bitcoin wallets. Real-time tracking by Arkham shows that Tesla currently holds a total of 11,509 BTC across 68 wallet addresses. After selling 75% of its total holdings in the second quarter of 2022 to secure $936 million in cash, Tesla has maintained the same amount of Bitcoin for nearly four years.
SpaceX, the space exploration company also operated by Musk, is likewise drawing attention from the market. SpaceX is believed to hold approximately 8,285 BTC across 28 wallets and has not pressed the sell button despite the recent downturn. Combined, the two companies hold about 19,794 BTC, worth several billion dollars at current prices. This suggests that Musk’s companies regard Bitcoin not as a short-term speculative instrument but as a long-term strategic asset.
Industry observers commend Tesla for refraining from liquidating its holdings despite recording significant impairment losses due to Bitcoin’s price decline. In its fourth-quarter 2025 earnings report released in January, Tesla disclosed a book loss of approximately $239 million resulting from the drop in Bitcoin prices. Tesla’s board has adhered to its original investment principles of asset diversification and liquidity management, keeping digital assets as a core component of its financial portfolio.
A more relaxed regulatory environment following the election of President Donald Trump and institutional capital inflows through spot Bitcoin ETFs have further supported Tesla’s holding strategy. Tesla currently ranks as the world’s fourth-largest publicly traded corporate holder of Bitcoin, behind Strategy (formerly MicroStrategy) and Marathon Digital, playing a stabilizing role in the market’s supply-demand structure. Experts assess that the likelihood of Tesla selling its Bitcoin holdings to secure liquidity remains low.
Tesla’s firm confidence in Bitcoin is expected to serve as an important psychological support level as digital assets move closer to becoming mainstream assets in institutional finance. Market participants remain highly sensitive to even minor movements in Tesla’s wallet addresses, but the data confirmed so far proves that Tesla continues to maintain its status as a Bitcoin whale. Tesla’s Bitcoin holding strategy is likely to contribute to future corporate performance and asset value appreciation.
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