Tesla’s Bitcoin Bonanza: Why Elon Musk is Still the Crypto King! 💰👑

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So, Tesla Inc. is still clutching onto about 11,900 BTC like it’s the last slice of pizza at a party. At today’s rate of $108,929.10 per coin, that stash is worth roughly $1.257 billion. According to on-chain data shared by Arkham Intelligence on X (yes, that’s what we’re calling Twitter now), the electric car maker hasn’t budged from its HODL stance since its first big buy in Q1 2021. Talk about commitment! 💍

Tesla’s Bitcoin Holdings Confirmed

Reports say Tesla keeps its coins with Coinbase Prime Custody. Because nothing says “I’m comfortable” like letting a tech company babysit your digital gold. 🍼💻

A drop of 1% in the last 24 hours hasn’t prompted any sell-off. Back in 2021, Tesla spent $1.5 billion to buy Bitcoin. It later sold slices worth about $1.2 billion, but never fully cashed out. It’s like they’re playing a game of Monopoly and just can’t resist the “Do Not Pass Go” card.

Tesla now holds over $1.25 Billion of BTC.

Elon Musk is bullish on Bitcoin.

— Arkham (@arkham) May 23, 2025

Corporate Buyers Step In

More firms are piling into Bitcoin like it’s a Black Friday sale, and they’re buying at scale. Strategy Inc., led by Michael Saylor, holds 576,230 BTC after adding 7,390 coins for $765 million. That move sent its stock over $400. Who knew Bitcoin could be the new stock market darling?

A tech outfit trading under ticker 3350.T has 7,800 BTC on its books. It plans to reach 10,000 BTC and saw its stock jump 15% after a latest purchase of 1,004 coins. It’s like they’re trying to collect Pokémon, but for grown-ups. Gotta catch ’em all! 🎮

States Seek Bitcoin Reserves

US President Donald Trump’s return to office this year has sparked fresh interest in public Bitcoin holdings. New Hampshire passed a bill on May 6 that lets certain state funds put up to 5% into Bitcoin and other big crypto assets. Because why not? Let’s throw some state funds into the wild world of crypto!

In Texas, the House approved Senate Bill 21 on May 22 by a 101–42 vote, setting up a Texas Strategic Bitcoin Reserve. Governors in both states are weighing when to sign. Arizona also cleared a fund for unclaimed property to go into crypto back on May 7. It’s like a treasure hunt, but with taxpayer money! 🏴‍☠️

A Close Look At The Numbers

Tesla’s 11,900 BTC sits well below its original 43,200-coin haul from 2021. Strategy Inc.’s 576,230 coins are worth over $62 billion at current prices. That’s a lot of zeros! 💸

The 3350.T outfit’s 7,800 BTC equals about $850 million. State plans vary, but New Hampshire’s cap could see millions shift into Bitcoin this year. Texas’s bill doesn’t set a dollar limit, but any move would mark a first for a major state. It’s like they’re all trying to outdo each other in the Bitcoin Olympics!

Outlook For Bitcoin Adoption

Investors and public bodies have watched Bitcoin’s price swings for clues before putting money to work. Tesla’s steady hold shows faith hasn’t waned. Corporate purchases keep headlines busy, while state plans hint at a new chapter in US finance. It’s like a soap opera, but with more spreadsheets!

Market watchers will be looking for signatures on those bills and any fresh moves from other states. For now, the story is clear: big players still see Bitcoin as worth owning. And who wouldn’t want a piece of that digital pie? 🥧

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2025-05-24 20:14