Tesla Inc. still owns about 11900 BTC.

Based on reports, Tesla keeps its coins with Coinbase Prime Custody. The move underlines the firm's comfort with holding large amounts of Bitcoin.

Tesla Inc. (NYSE:TSLA) still owns about 11,900 BTC, even after making a big purchase of Bitcoin in Q1 2021 and later selling a portion of its holdings. 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, the electric car maker hasn’t budged from its HODL stance since its first big buy in Q1 2021.

Tesla keeps its coins with Coinbase (NASDAQ:COIN) Prime Custody, the report noted. The move highlights how comfortable firms are getting with holding large amounts of Bitcoin.

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.

Elon Musk is bullish on Bitcoin.

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.

Now, Tesla (NYSE:TSLA) holds over $1.25 Billion of BTC.

Elon Musk is bullish on Bitcoin.

Arkham shared that Strategy Inc (NASDAQ:STGY) – led by Michael Saylor – had 576,230 BTC after adding 7,390 coins for $765 million. That move sent its stock over $400.

A tech outfit trading under ticker 3350.T on the Toronto Stock Exchange had 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.

Public funds are also getting involved in crypto. New Hampshire passed a bill on May 6 that lets certain state funds put up to 5% into Bitcoin and other big crypto assets. That bill went to Governor Chris Sununu for review.

In Texas, the House approved Senate Bill 21 on May 22 by a 101–42 vote, setting up a Texas Strategic Bitcoin Reserve. That bill now goes to Governor Greg Abbott. Meanwhile, Arizona cleared a fund for unclaimed property to go into crypto back on May 7.

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.

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’output: s clear for any dollar limits, but any move would mark a first for a major state.

Investors and public bodies have been watching Bitcoin’s price swings for clues before putting money to work. Tesla’s steady hold shows how even after selling a portion of its coins in 2022, the firm has no plans to exit its crypto investment.

Arkham’s data, which is used in its cryptocurrency analysis platform, shows that U.S. tech firms and state funds are still key players in the Bitcoin market.