Tesla Inc. still holds around 11,900 BTC. At today’s price of $108,929.10 per coin, the stockpile is worth around $1.257 billion. According to on-chain data released by Arkham Intelligence on X, the electric vehicle company has maintained its HODL posture from its first significant buy in Q1 2021.
Tesla’s Bitcoin holdings are confirmed
According to sources, Tesla stores its currencies using Coinbase Prime Custody. The move demonstrates the firm’s confidence with retaining big sums of Bitcoin.
A 1% reduction in the previous 24 hours has not resulted in any sell-off. In 2021, Tesla spent $1.5 billion to acquire Bitcoin. It eventually sold chunks valued around $1.2 billion but never fully paid out.
Tesla now holds over $1.25 Billion of BTC.
— Arkham (@arkham) May 23, 2025
Elon Musk is bullish on Bitcoin. pic.twitter.com/rNbzOP1QPJ
Business Buyers Come In
More businesses are buying Bitcoin in large quantities. Strategy Inc., directed by Michael Saylor, now has 576,230 BTC after adding 7,390 coins worth $765 million.
This move pushed the stock above $400. A technology company listed under the ticker 3350. T has 7,800 BTC on its books. It aims to achieve 10,000 BTC and saw its stock rise 15% with the recent purchase of 1,004 coins.
With US President Donald Trump’s return to power this year, there has been renewed interest in public Bitcoin holdings. On May 6, New Hampshire enacted a measure allowing some public funds to invest up to 5% in Bitcoin and other major crypto assets.
On May 22, the Texas House adopted Senate Bill 21 by a vote of 101-42, establishing a Texas Strategic Bitcoin Reserve. Governors in both states are considering when to sign. Arizona also approved a fund for unclaimed property to be converted into cryptocurrency on May 7.
Tesla’s 11,900 BTC total is much lower than their original 43,200-coin haul from 2021. At current values, the 576,230 coins held by Strategy Inc. are valued more over $62 billion.
The 7,800 BTC held by the 3350.T group is equivalent to almost $850 million. State plans differ, but New Hampshire’s cap may see millions of dollars invested in Bitcoin this year. Texas’ measure does not specify a cash amount, but any action would be a first for a big state.
Before pouring money into Bitcoin, investors and governments looked for signals in price movements. Tesla’s consistent grip demonstrates that trust has not wavered. Corporate purchases dominate headlines, but state ambitions signal a new chapter in US finance.
Market observers will be waiting for signatures on those measures, as well as any new developments from other states. For the time being, the story is clear: major people believe Bitcoin is still valuable.
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