Tesla published its Q3 2023 shareholder deck on Oct. 18, indicating that it continues to hold its Bitcoin balance as it directs resources to AI efforts.
The company reported $184 million in digital assets, known to be composed largely or entirely of Bitcoin (BTC), for the quarter ending Sept. 30, 2023.
That amount is equal to Tesla’s holdings for the three previous quarters but represents a long-term decrease due to earlier sales and price changes. Tesla originally purchased $1.5 billion of Bitcoin in 2021, an amount that once surpassed $2 billion in value. However, the company sold most of its Bitcoin in 2022, causing it to report just $218 million in digital assets for the quarters ending June 30, 2022, and Sept. 30, 2022.
In the same shareholder deck, Tesla detailed its objectives concerning its vehicle and energy businesses and, significantly, its artificial intelligence endeavors. It said:
“We have more than doubled the size of our AI training compute to accommodate for our gr
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