1. Corporate Ownership (Treasury)

Just like Coinbase, the Bitcoin held by Tesla belongs entirely to the company itself.

• It is not customer money: Unlike an exchange where users deposit funds, Tesla is a manufacturing and tech company. These coins are part of their Corporate Treasury.

• Balance Sheet Asset: The Bitcoin is listed on Tesla's official financial statements as an "intangible asset."

2. Current Holdings & Value

According to recent data and public filings (such as the Tesla-related updates on Irvine Journal):

• Quantity: Tesla currently holds approximately 11,509 BTC.

• Market Value: With Bitcoin prices trading at high levels in 2026, this stash is valued at over $1.3 billion.

3. History of Acquisition

Tesla's relationship with Bitcoin has been strategic rather than operational:

• Initial Purchase: In early 2021, Tesla made waves by purchasing $1.5 billion worth of Bitcoin.

• Partial Sell-offs: They sold a small portion in early 2021 and about 75% of their holdings in 2022 to maximize their cash position during economic uncertainty.

• Current Stance: Since 2022, the remaining 11,509 BTC has remained untouched in their digital wallets, showing a "HODL" (hold on for dear life) strategy for the remaining balance.